<div id="readability-page-1"><p>Shares of Tuya Inc. Sponsored ADR (NYSE:TUYA - Get Free Report) gapped down prior to trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $2.14, but opened at $2.01. Tuya shares last traded at $2.2740, with a volume of 702,716 shares traded.</p><p>The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Tuya had a return on equity of 2.93% and a net margin of 9.11%.The company had revenue of $82.49 million during the quarter, compared to analyst estimates of $81.62 million. During the same period last year, the firm earned $0.04 earnings per share. </p><h2>Tuya Announces Dividend</h2><p>The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Thursday, September 11th were paid a dividend of $0.054 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.22 annualized dividend and a dividend yield of 9.3%. Tuya's dividend payout ratio  is presently 80.00%. </p><h2>Wall Street Analyst Weigh In</h2><p>Several analysts have commented on TUYA shares. Jefferies Financial Group initiated coverage on shares of Tuya in a research note on Tuesday, August 5th. They issued a &#34;buy&#34; rating and a $3.49 target price for the company. Weiss Ratings  reaffirmed a &#34;hold (c)&#34; rating on shares of Tuya in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Tuya from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, August 30th. One investment analyst  has rated the stock with a Buy rating and one  has issued  a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of &#34;Moderate Buy&#34; and an average target price of $3.49.</p><p><b>Check Out Our Latest Analysis on TUYA</b></p><h2>Institutional Trading of Tuya</h2><p>A number of institutional investors and hedge funds have recently bought and sold shares of the business. Natixis Advisors LLC purchased a new stake in  Tuya during the third quarter worth approximately $246,000.  SBI Securities Co. Ltd. increased its holdings in  Tuya by 329.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 29,480 shares of the company's stock valued at $73,000 after purchasing an additional 22,622 shares in the last quarter.  New York State Common Retirement Fund purchased a new position in  Tuya in the third quarter valued at about $51,000.  Acadian Asset Management LLC raised its position in  Tuya by 35.4% in the first quarter. Acadian Asset Management LLC now owns 3,824,150 shares of the company's stock valued at $11,569,000 after purchasing an additional 999,862 shares during the period.  Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of  Tuya by 45.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 816,519 shares of the company's stock worth $2,474,000 after purchasing an additional 256,418 shares in the last quarter. Institutional investors and hedge funds own  11.47% of the company's stock. </p><h2>Tuya Price Performance</h2><p>The company has a market cap of $1.25 billion, a PE ratio of 45.49 and a beta of 0.45. The company has a 50-day moving average price of $2.36 and a two-hundred day moving average price of $2.46. </p><h2>Tuya Company Profile</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Tuya</li><li>Asset Allocation Strategies in Volatile Markets</li><li>Are These 3 Under-the-Radar AI Stocks the Next Big Growth Stories?</li><li>Find and Profitably Trade Stocks at 52-Week Lows</li><li>These 3 Housing Stocks Are Laying the Foundation for a Comeback</li><li>Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?</li><li>A Trillion-Dollar Pill: Eli Lilly Broke the Healthcare Ceiling</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Tuya Right Now?</h2><p>Before you consider Tuya, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tuya wasn't on the list.</p><p>While Tuya currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Tuya Inc.'s shares fell after reporting weaker-than-expected quarterly earnings, with EPS of $0.02 missing the $0.03 estimate. The stock opened at $2.01, down from $2.14, and last traded at $2.2740. Revenue was $82.49 million, slightly above estimates. Tuya announced a quarterly dividend of $0.054 per share. Analysts have mixed ratings, with a Moderate Buy consensus and a $3.49 target price. Institutional investors have been active, with notable increases in holdings. Tuya offers IoT cloud development platforms internationally.</p>

Tuya (NYSE:TUYA) Shares Gap Down After Earnings Miss