Tuya (NYSE:TUYA) Shares Gap Down – Time to Sell?

Tuya Inc. (NYSE:TUYA)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $3.50, but opened at $3.36. Tuya shares last traded at $3.47, with a volume of 329,648 shares traded.

Tuya Stock Performance

The business has a fifty day simple moving average of $3.09 and a 200 day simple moving average of $2.15. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -114.57 and a beta of 0.39.

Tuya (NYSE:TUYA) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%. The business had revenue of $82.06 million during the quarter, compared to analyst estimates of $81.40 million.

Tuya Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 13th will be paid a $0.0608 dividend. This represents a yield of 6.1%. The ex-dividend date of this dividend is Thursday, March 13th. Tuya’s payout ratio is 400.00%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Catalina Capital Group LLC acquired a new position in Tuya during the fourth quarter worth approximately $29,000. Boothbay Fund Management LLC boosted its holdings in Tuya by 46.0% in the fourth quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company’s stock valued at $36,000 after acquiring an additional 6,300 shares during the last quarter. Virtu Financial LLC purchased a new stake in Tuya during the fourth quarter valued at about $40,000. Numerai GP LLC acquired a new stake in Tuya during the fourth quarter worth about $41,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Tuya by 157.9% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company’s stock valued at $52,000 after purchasing an additional 17,877 shares in the last quarter. 11.47% of the stock is currently owned by hedge funds and other institutional investors.

Tuya Company Profile

Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.