Tuya (NYSE:TUYA) Sees Large Volume Increase – Time to Buy?

Shares of Tuya Inc. (NYSE:TUYA) saw an uptick in trading volume on Monday . 1,002,960 shares changed hands during mid-day trading, a decline of 23% from the previous session’s volume of 1,299,149 shares.The stock last traded at $3.79 and had previously closed at $4.03.

Tuya Stock Performance

The firm’s 50-day simple moving average is $2.63 and its 200-day simple moving average is $1.98. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of -124.00 and a beta of 0.39.

Tuya (NYSE:TUYA) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%. The business had revenue of $82.06 million for 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. Investors of record on Thursday, March 13th will be given 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 presently 400.00%.

Institutional Investors Weigh In On Tuya

A number of institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its holdings in shares of Tuya by 88.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 249,459 shares of the company’s stock worth $447,000 after buying an additional 117,076 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Tuya by 60.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 560,101 shares of the company’s stock valued at $1,003,000 after acquiring an additional 209,985 shares during the period. Wexford Capital LP acquired a new position in Tuya during the fourth quarter worth $341,000. Two Sigma Advisers LP lifted its holdings in shares of Tuya by 250.7% during the fourth quarter. Two Sigma Advisers LP now owns 404,300 shares of the company’s stock valued at $724,000 after acquiring an additional 289,000 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of Tuya by 423.9% in the 4th quarter. Two Sigma Investments LP now owns 784,622 shares of the company’s stock valued at $1,404,000 after purchasing an additional 634,849 shares in the last quarter. 11.47% of the stock is owned by institutional investors and hedge funds.

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.