Yalla Group (NYSE:YALA) Sees Large Volume Increase - What's Next?

Shares of Yalla Group Limited (NYSE:YALA - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 671,661 shares were traded during trading, an increase of 126% from the previous session's volume of 297,237 shares.The stock last traded at $6.79 and had previously closed at $6.56.

Yalla Group Trading Up 3.3 %

The company has a market cap of $1.23 billion, a price-to-earnings ratio of 10.66 and a beta of 0.96. The stock has a 50 day moving average price of $5.16 and a two-hundred day moving average price of $4.52.

Yalla Group (NYSE:YALA - Get Free Report) last released its earnings results on Monday, March 10th. The company reported $0.18 earnings per share for the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%. The firm had revenue of $90.83 million for the quarter. During the same period in the previous year, the company posted $0.17 EPS.

Institutional Investors Weigh In On Yalla Group

Several large investors have recently bought and sold shares of YALA. Dynamic Technology Lab Private Ltd bought a new position in shares of Yalla Group during the fourth quarter worth $74,000. GAMMA Investing LLC lifted its holdings in Yalla Group by 150.3% during 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 in the last quarter. QRG Capital Management Inc. grew its stake in Yalla Group by 14.7% in the fourth quarter. QRG Capital Management Inc. now owns 23,400 shares of the company's stock valued at $95,000 after acquiring an additional 2,996 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Yalla Group in the fourth quarter worth about $99,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Yalla Group by 123.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 26,173 shares of the company's stock worth $106,000 after purchasing an additional 14,483 shares during the period. Institutional investors own 4.73% of the company's stock.

About Yalla Group

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.