Tuya (NYSE:TUYA) Stock Price Up 5% – Here’s What Happened

Tuya Inc. (NYSE:TUYA) shares rose 5% during mid-day trading on Wednesday . The company traded as high as $3.88 and last traded at $3.90. Approximately 761,400 shares changed hands during trading, a decline of 83% from the average daily volume of 4,404,404 shares. The stock had previously closed at $3.71.

Tuya Stock Down 7.2 %

The firm has a 50 day moving average price of $3.01 and a 200 day moving average price of $2.11. The stock has a market cap of $1.92 billion, a PE ratio of -118.83 and a beta of 0.39.

Tuya (NYSE:TUYA) last posted its earnings results on Wednesday, February 26th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $81.40 million.

Tuya Dividend Announcement

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

Institutional Trading of Tuya

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC lifted its stake in shares of Tuya by 2,493.1% during the 3rd quarter. Jane Street Group LLC now owns 691,655 shares of the company’s stock worth $1,141,000 after purchasing an additional 664,982 shares during the last quarter. XTX Topco Ltd raised its holdings in Tuya by 204.5% in the third quarter. XTX Topco Ltd now owns 48,062 shares of the company’s stock worth $79,000 after purchasing an additional 32,279 shares in the last quarter. Barclays PLC lifted its position in shares of Tuya by 3.6% during the third quarter. Barclays PLC now owns 270,843 shares of the company’s stock valued at $447,000 after buying an additional 9,307 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Tuya by 91.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 633,686 shares of the company’s stock valued at $1,046,000 after buying an additional 302,261 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Tuya in the 3rd quarter worth approximately $772,000. Institutional investors own 11.47% of the company’s stock.

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.