Tuya (NYSE:TUYA) Sees Large Volume Increase – Here’s What Happened

Tuya Inc. (NYSE:TUYA) saw unusually-high trading volume on Tuesday . Approximately 495,422 shares were traded during trading, a decline of 4% from the previous session’s volume of 515,893 shares.The stock last traded at $1.61 and had previously closed at $1.73.

Tuya Price Performance

The company’s 50-day simple moving average is $1.57 and its two-hundred day simple moving average is $1.65. The firm has a market capitalization of $827.19 million, a P/E ratio of -58.17 and a beta of 0.37.

Tuya (NYSE:TUYA) last announced its quarterly earnings data on Monday, August 26th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Tuya had a negative return on equity of 0.65% and a negative net margin of 6.20%. The company had revenue of $73.28 million during the quarter, compared to the consensus estimate of $69.36 million.

Tuya Dividend Announcement

The company also recently disclosed a Variable dividend, which was paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 11th were given a dividend of $0.059 per share. The ex-dividend date was Wednesday, September 11th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TUYA. Jane Street Group LLC raised its holdings in shares of Tuya by 2,493.1% during the 3rd quarter. Jane Street Group LLC now owns 691,655 shares of the company’s stock worth $1,141,000 after acquiring an additional 664,982 shares in the last quarter. Acadian Asset Management LLC grew its position in Tuya by 59.2% in the second quarter. Acadian Asset Management LLC now owns 665,730 shares of the company’s stock worth $1,132,000 after acquiring an additional 247,592 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Tuya by 91.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 633,686 shares of the company’s stock worth $1,046,000 after acquiring an additional 302,261 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Tuya during the third quarter valued at approximately $772,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Tuya by 60.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 350,116 shares of the company’s stock worth $578,000 after purchasing an additional 132,200 shares during the period. 11.47% of the stock is owned by hedge funds and other institutional investors.

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.