Tuya (NYSE:TUYA) Sees Strong Trading Volume

Tuya Inc. (NYSE:TUYA) shares saw strong trading volume on Thursday . 422,697 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 317,920 shares.The stock last traded at $1.52 and had previously closed at $1.56.

Tuya Stock Down 3.8 %

The firm has a market cap of $756.59 million, a price-to-earnings ratio of -19.44 and a beta of 0.34. The stock has a fifty day moving average price of $1.59 and a 200-day moving average price of $1.75.

Tuya Dividend Announcement

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, October 9th. Investors of record on Wednesday, September 11th will be issued a dividend of $0.059 per share. The ex-dividend date is Wednesday, September 11th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in Tuya during the second quarter worth $27,000. Russell Investments Group Ltd. purchased a new stake in Tuya during the fourth quarter worth $73,000. IvyRock Asset Management HK Ltd purchased a new stake in Tuya during the fourth quarter worth $322,000. Acadian Asset Management LLC boosted its position in Tuya by 139.3% during the first 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 in the last quarter. Finally, California Public Employees Retirement System boosted its position in Tuya by 10.5% during the fourth quarter. California Public Employees Retirement System now owns 459,742 shares of the company’s stock worth $1,057,000 after purchasing an additional 43,778 shares in the last quarter. Institutional investors and hedge funds 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.