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

Yalla Group Limited (NYSE:YALA - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 228,904 shares were traded during trading, a decline of 1% from the previous session's volume of 231,370 shares.The stock last traded at $5.32 and had previously closed at $5.14.

Yalla Group Price Performance

The firm has a market capitalization of $877.69 million, a price-to-earnings ratio of 7.66 and a beta of 1.19. The business's fifty day simple moving average is $4.32 and its 200 day simple moving average is $4.27.

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

Institutional Investors Weigh In On Yalla Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in Yalla Group in the third quarter worth $53,000. Walleye Capital LLC bought a new position in Yalla Group during the third quarter valued at about $68,000. Dynamic Technology Lab Private Ltd purchased a new stake in Yalla Group during the fourth quarter worth about $74,000. GAMMA Investing LLC raised its position 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 period. Finally, QRG Capital Management Inc. boosted 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 last quarter. Hedge funds and other institutional investors own 4.73% of the company's stock.

Remove Ads

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.