Yalla Group Limited (NYSE:YALA - Get Free Report) shares saw strong trading volume on Monday . 101,375 shares were traded during mid-day trading, a decline of 23% from the previous session's volume of 132,418 shares.The stock last traded at $4.20 and had previously closed at $4.18.
Yalla Group Trading Down 0.1 %
The firm's 50 day moving average is $4.10 and its two-hundred day moving average is $4.16. The firm has a market cap of $660.32 million, a P/E ratio of 5.71 and a beta of 1.19.
Yalla Group (NYSE:YALA - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.22 earnings per share (EPS) for the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%. The business had revenue of $88.92 million during the quarter.
Hedge Funds Weigh In On Yalla Group
A number of hedge funds have recently bought and sold shares of the company. Marshall Wace LLP bought a new position in Yalla Group in the fourth quarter valued at $900,000. Jump Financial LLC grew its stake in shares of Yalla Group by 36.3% in the fourth quarter. Jump Financial LLC now owns 47,200 shares of the company's stock worth $192,000 after acquiring an additional 12,571 shares during the last quarter. Walleye Capital LLC lifted its holdings in shares of Yalla Group by 615.9% during the fourth quarter. Walleye Capital LLC now owns 107,389 shares of the company's stock valued at $436,000 after purchasing an additional 92,389 shares in the last quarter. Barclays PLC grew its position in Yalla Group by 266.5% in the 4th quarter. Barclays PLC now owns 126,292 shares of the company's stock worth $513,000 after purchasing an additional 91,832 shares during the period. Finally, Russell Investments Group Ltd. raised its position in Yalla Group by 113.7% in the fourth quarter. Russell Investments Group Ltd. now owns 105,334 shares of the company's stock worth $423,000 after acquiring an additional 56,046 shares during the period. 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.
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