Yalla Group Limited (NYSE:YALA - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $5.41 and last traded at $5.36, with a volume of 47111 shares changing hands. The stock had previously closed at $5.38.
Yalla Group Stock Performance
The company has a 50 day moving average price of $4.35 and a 200 day moving average price of $4.28. The company has a market capitalization of $858.51 million, a PE ratio of 7.42 and a beta of 1.19.
Yalla Group (NYSE:YALA - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $90.83 million during the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. During the same period in the prior year, the business earned $0.17 earnings per share.
Institutional Investors Weigh In On Yalla Group
Institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. boosted its holdings in Yalla Group by 14.7% in the fourth quarter. QRG Capital Management Inc. now owns 23,400 shares of the company's stock worth $95,000 after purchasing an additional 2,996 shares during the period. Blue Trust Inc. boosted its holdings in shares of Yalla Group by 29.7% in the 4th quarter. Blue Trust Inc. now owns 40,929 shares of the company's stock valued at $166,000 after buying an additional 9,366 shares during the period. State Street Corp grew its position in shares of Yalla Group by 1.5% during the 3rd quarter. State Street Corp now owns 538,689 shares of the company's stock valued at $2,446,000 after buying an additional 7,924 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Yalla Group by 27.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 168,065 shares of the company's stock worth $682,000 after acquiring an additional 36,166 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Yalla Group by 150.3% in the fourth quarter. GAMMA Investing LLC now owns 23,248 shares of the company's stock worth $94,000 after acquiring an additional 13,960 shares during the last quarter. 4.73% of the stock is currently owned by institutional investors.
Yalla Group Company Profile
(
Get Free Report)
Yalla Group Limited operates a social networking and gaming platform primarily in the Middle East and North Africa region. It provides mobile applications, including Yalla, a voice-centric group chat platform; and Yalla Ludo, a casual gaming application. The company's platform offers group chatting and games services; and sells virtual items, as well as provides upgrade services.
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