Yalla Group Limited (NYSE:YALA - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $4.97 and last traded at $4.95, with a volume of 679361 shares traded. The stock had previously closed at $4.68.
Yalla Group Trading Up 1.7 %
The firm has a fifty day moving average of $4.17 and a 200 day moving average of $4.22. The company has a market capitalization of $817.29 million, a P/E ratio of 7.06 and a beta of 1.19.
Yalla Group (NYSE:YALA - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The company reported $0.18 EPS for the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%. The company had revenue of $90.83 million during the quarter. During the same quarter in the previous year, the business posted $0.17 earnings per share.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. QRG Capital Management Inc. boosted its position 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 last quarter. State Street Corp boosted its position in Yalla Group by 1.5% in the third quarter. State Street Corp now owns 538,689 shares of the company's stock worth $2,446,000 after purchasing an additional 7,924 shares during the last quarter. Blue Trust Inc. boosted its position in Yalla Group by 29.7% in the fourth quarter. Blue Trust Inc. now owns 40,929 shares of the company's stock worth $166,000 after purchasing an additional 9,366 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Yalla Group in the third quarter worth about $53,000. Finally, Jump Financial LLC lifted its position in shares of Yalla Group by 36.3% during the 4th quarter. Jump Financial LLC now owns 47,200 shares of the company's stock valued at $192,000 after buying an additional 12,571 shares in the last quarter. 4.73% of the stock is owned by hedge funds and other institutional investors.
About Yalla Group
(
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.
Featured Stories
Before you consider Yalla Group, you'll want to hear this.
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 Yalla Group wasn't on the list.
While Yalla Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
