Tuya (NYSE:TUYA) Posts Quarterly Earnings Results

Tuya (NYSE:TUYA) issued its quarterly earnings data on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02, RTT News reports. Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%.

Tuya Stock Down 2.3%

TUYA traded down $0.06 during trading on Tuesday, hitting $2.58. 2,564,952 shares of the stock were exchanged, compared to its average volume of 1,772,878. Tuya has a 1-year low of $1.28 and a 1-year high of $4.63. The stock has a fifty day moving average price of $2.64 and a two-hundred day moving average price of $2.40. The firm has a market capitalization of $1.39 billion, a P/E ratio of -86.00 and a beta of 0.46.

Tuya Announces Dividend

The company also recently declared a — dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 13th were given a dividend of $0.0608 per share. This represents a yield of 6.1%. The ex-dividend date of this dividend was Thursday, March 13th. Tuya’s dividend payout ratio (DPR) is 400.00%.

Hedge Funds Weigh In On Tuya

A hedge fund recently raised its stake in Tuya stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Tuya Inc. (NYSE:TUYA) by 45.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 816,519 shares of the company’s stock after acquiring an additional 256,418 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.15% of Tuya worth $2,474,000 at the end of the most recent reporting period. 11.47% of the stock is currently 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.