Yalla Group Limited (NYSE:YALA - Get Free Report) shares saw an uptick in trading volume on Monday . 237,555 shares were traded during mid-day trading, an increase of 7% from the previous session's volume of 222,902 shares.The stock last traded at $4.86 and had previously closed at $4.68.
Yalla Group Stock Performance
The stock's fifty day moving average is $4.17 and its two-hundred day moving average is $4.22. The company has a market cap of $817.29 million, a price-to-earnings ratio of 7.06 and a beta of 1.19.
Yalla Group (NYSE:YALA - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $90.83 million during the quarter. During the same period last year, the company posted $0.17 earnings per share.
Institutional Investors Weigh In On Yalla Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new stake in Yalla Group in the fourth quarter worth $1,838,000. Marshall Wace LLP bought a new position in shares of Yalla Group in the fourth quarter worth approximately $900,000. Millennium Management LLC boosted its stake in Yalla Group by 57.9% during the 4th quarter. Millennium Management LLC now owns 585,284 shares of the company's stock valued at $2,376,000 after purchasing an additional 214,625 shares during the last quarter. Vident Advisory LLC boosted its position in shares of Yalla Group by 180.3% during the fourth quarter. Vident Advisory LLC now owns 156,823 shares of the company's stock valued at $637,000 after buying an additional 100,872 shares during the last quarter. Finally, Walleye Capital LLC grew its stake in shares of Yalla Group by 615.9% in the fourth quarter. Walleye Capital LLC now owns 107,389 shares of the company's stock worth $436,000 after acquiring an additional 92,389 shares during the period. Institutional investors own 4.73% of the company's stock.
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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