Yalla Group Limited (NYSE:YALA - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 159,668 shares changed hands during trading, an increase of 17% from the previous session's volume of 137,053 shares.The stock last traded at $4.08 and had previously closed at $4.09.
Yalla Group Trading Down 0.6 %
The company has a market cap of $627.04 million, a price-to-earnings ratio of 5.42 and a beta of 1.20. The stock has a 50-day simple moving average of $4.13 and a 200 day simple moving average of $4.17.
Yalla Group (NYSE:YALA - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $88.92 million for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%.
Institutional Investors Weigh In On Yalla Group
Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Yalla Group by 145.1% during the 3rd quarter. GAMMA Investing LLC now owns 9,288 shares of the company's stock worth $42,000 after buying an additional 5,498 shares during the last quarter. Blue Trust Inc. boosted its holdings in Yalla Group by 209.0% during the third quarter. Blue Trust Inc. now owns 31,563 shares of the company's stock worth $144,000 after buying an additional 21,349 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Yalla Group by 81.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 131,899 shares of the company's stock worth $599,000 after buying an additional 59,378 shares during the last quarter. GSA Capital Partners LLP grew its holdings in Yalla Group by 19.4% during the 3rd quarter. GSA Capital Partners LLP now owns 300,462 shares of the company's stock valued at $1,364,000 after buying an additional 48,831 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of Yalla Group during the third quarter worth about $68,000. 4.73% of the stock is owned by hedge funds and other institutional investors.
About Yalla Group
(
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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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