Tuya (NYSE:TUYA) Stock Price Down 2.2%

Tuya Inc. (NYSE:TUYA) shares were down 2.2% during mid-day trading on Wednesday . The company traded as low as $1.35 and last traded at $1.35. Approximately 10,626 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 340,609 shares. The stock had previously closed at $1.38.

Tuya Trading Down 4.0 %

The firm’s fifty day simple moving average is $1.52 and its two-hundred day simple moving average is $1.71. The company has a market capitalization of $668.32 million, a price-to-earnings ratio of -17.25 and a beta of 0.35.

Tuya Announces Dividend

The company also recently disclosed a Variable dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 11th will be paid a $0.059 dividend. The ex-dividend date of this dividend is Wednesday, September 11th.

Institutional Trading of Tuya

Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in shares of Tuya in the fourth quarter valued at approximately $73,000. Carmignac Gestion grew its position in Tuya by 24.2% during the 4th quarter. Carmignac Gestion now owns 4,890,200 shares of the company’s stock worth $11,247,000 after purchasing an additional 952,100 shares during the last quarter. Acadian Asset Management LLC grew its position in Tuya by 139.3% during the 1st quarter. Acadian Asset Management LLC now owns 418,138 shares of the company’s stock worth $727,000 after purchasing an additional 243,423 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Tuya in the second quarter valued at $27,000. Institutional investors and hedge funds own 11.47% of the company’s stock.

About Tuya

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.