Tuya (NYSE:TUYA) Stock Price Down 5.8% – Time to Sell?

Tuya Inc. (NYSE:TUYA) shares fell 5.8% on Thursday . The stock traded as low as $3.62 and last traded at $3.62. 478,221 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 1,402,912 shares. The stock had previously closed at $3.84.

Tuya Stock Performance

The firm has a market capitalization of $1.88 billion, a P/E ratio of -116.13 and a beta of 0.39. The stock has a 50 day moving average of $3.05 and a 200-day moving average of $2.13.

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

Tuya Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Catalina Capital Group LLC purchased a new stake in shares of Tuya in the fourth quarter worth about $29,000. Boothbay Fund Management LLC lifted its stake 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 in the last quarter. Virtu Financial LLC bought a new position in Tuya in the 4th quarter valued at $40,000. Numerai GP LLC purchased a new position in shares of Tuya during the 4th quarter valued at $41,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of 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 purchasing an additional 17,877 shares during the period. Institutional investors own 11.47% of the company’s stock.

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.