Tuya (NYSE:TUYA) Sees Strong Trading Volume – Time to Buy?

Tuya Inc. (NYSE:TUYA) saw unusually-high trading volume on Monday . Approximately 1,002,960 shares changed hands during 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 Trading Up 3.6 %

The stock has a market cap of $2.10 billion, a PE ratio of -130.83 and a beta of 0.39. The company’s 50 day moving average is $2.71 and its 200-day moving average is $2.01.

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

Tuya Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 13th will be issued a $0.0608 dividend. This represents a dividend yield of 6.1%. The ex-dividend date of this dividend is Thursday, March 13th. Tuya’s dividend payout ratio (DPR) is presently 400.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Boothbay Fund Management LLC grew its position in Tuya by 46.0% in the 4th quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company’s stock worth $36,000 after purchasing an additional 6,300 shares during the last quarter. Barclays PLC lifted its stake in Tuya by 3.6% during the third quarter. Barclays PLC now owns 270,843 shares of the company’s stock valued at $447,000 after purchasing an additional 9,307 shares during the last quarter. Sei Investments Co. lifted its stake in Tuya by 37.5% during the fourth quarter. Sei Investments Co. now owns 58,726 shares of the company’s stock valued at $105,000 after purchasing an additional 16,010 shares during the last quarter. Catalina Capital Group LLC acquired a new stake in Tuya during the fourth quarter valued at approximately $29,000. Finally, Geode Capital Management LLC lifted its stake in Tuya by 14.5% during the third quarter. Geode Capital Management LLC now owns 133,150 shares of the company’s stock valued at $220,000 after purchasing an additional 16,821 shares during the last quarter. 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.