Tuya (NYSE:TUYA) Sees Unusually-High Trading Volume

Tuya Inc. (NYSE:TUYA) saw unusually-high trading volume on Tuesday . Approximately 203,587 shares traded hands during trading, a decline of 52% from the previous session’s volume of 425,527 shares.The stock last traded at $1.41 and had previously closed at $1.39.

Tuya Stock Performance

The stock has a market capitalization of $756.58 million, a PE ratio of -17.38 and a beta of 0.35. The business has a 50 day moving average of $1.49 and a two-hundred day moving average of $1.70.

Tuya (NYSE:TUYA) last issued its quarterly earnings data on Monday, August 26th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $73.28 million during the quarter, compared to analysts’ expectations of $69.36 million. Tuya had a negative return on equity of 0.65% and a negative net margin of 6.20%.

Tuya Dividend Announcement

The firm also recently announced a Variable dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, September 11th will be given a dividend of $0.059 per share. The ex-dividend date is Wednesday, September 11th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Carmignac Gestion increased its holdings in shares of Tuya by 24.2% in the fourth quarter. Carmignac Gestion now owns 4,890,200 shares of the company’s stock valued at $11,247,000 after purchasing an additional 952,100 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Tuya by 59.2% in the second quarter. Acadian Asset Management LLC now owns 665,730 shares of the company’s stock valued at $1,132,000 after purchasing an additional 247,592 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Tuya in the second quarter valued at about $27,000. 11.47% of the stock is owned by institutional investors and hedge funds.

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.