Tuya Inc. (NYSE:TUYA – Get Free Report) was up 4.9% on Monday following a dividend announcement from the company. The company traded as high as $1.74 and last traded at $1.72. Approximately 110,785 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 276,329 shares. The stock had previously closed at $1.64.
The newly announced dividend which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 11th will be issued a $0.059 dividend. The ex-dividend date of this dividend is Wednesday, September 11th.
Tuya Stock Performance
The firm’s 50 day moving average price is $1.59 and its two-hundred day moving average price is $1.75. The firm has a market cap of $751.54 million, a PE ratio of -19.88 and a beta of 0.34.
Institutional Investors Weigh In On Tuya
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.
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