Tuya (NYSE:TUYA) Shares Down 7.1% – Should You Sell?

Tuya Inc. (NYSE:TUYA)’s share price traded down 7.1% on Monday . The company traded as low as $2.01 and last traded at $2.30. Approximately 1,746,437 shares were traded during mid-day trading, a decline of 56% from the average session volume of 3,988,735 shares. The stock had previously closed at $2.47.

Tuya Stock Up 4.1 %

The company’s 50 day simple moving average is $3.26 and its 200-day simple moving average is $2.27. The firm has a market cap of $1.16 billion, a P/E ratio of -71.83 and a beta of 0.43.

Tuya (NYSE:TUYA) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $82.06 million during the quarter, compared to the consensus estimate of $81.40 million. Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%.

Tuya Announces Dividend

The business also recently announced a — dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 13th will be paid a $0.0608 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a yield of 6.1%. Tuya’s dividend payout ratio is currently 400.00%.

Institutional Trading of Tuya

A number of large investors have recently modified their holdings of the company. Catalina Capital Group LLC bought a new stake in Tuya during the 4th quarter valued at $29,000. Boothbay Fund Management LLC increased its stake in shares of Tuya by 46.0% during the fourth quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company’s stock valued at $36,000 after buying an additional 6,300 shares during the period. Virtu Financial LLC bought a new stake in shares of Tuya in the fourth quarter valued at about $40,000. Numerai GP LLC purchased a new stake in Tuya in the fourth quarter worth about $41,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Tuya by 157.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company’s stock worth $52,000 after acquiring an additional 17,877 shares during the period. Hedge funds and other institutional investors 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.