Shares of Yalla Group Limited (NYSE:YALA - Get Free Report) saw unusually-high trading volume on Monday . Approximately 1,256,603 shares changed hands during mid-day trading, an increase of 355% from the previous session's volume of 276,168 shares.The stock last traded at $6.50 and had previously closed at $5.87.
Yalla Group Stock Performance
The company's fifty day moving average price is $4.81 and its 200 day moving average price is $4.42. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 8.99 and a beta of 0.96.
Yalla Group (NYSE:YALA - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The company reported $0.18 EPS for the quarter. The company had revenue of $90.83 million for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. During the same quarter in the previous year, the business posted $0.17 EPS.
Institutional Trading of Yalla Group
A number of hedge funds and other institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. increased its holdings in shares of 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 buying an additional 2,996 shares in the last quarter. Blue Trust Inc. grew its position in Yalla Group by 29.7% during the fourth quarter. Blue Trust Inc. now owns 40,929 shares of the company's stock valued at $166,000 after purchasing an additional 9,366 shares in the last quarter. State Street Corp raised its holdings in shares of Yalla Group by 1.5% during the third quarter. State Street Corp now owns 538,689 shares of the company's stock worth $2,446,000 after acquiring an additional 7,924 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Yalla Group by 27.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 168,065 shares of the company's stock valued at $682,000 after buying an additional 36,166 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Yalla Group by 150.3% during the 4th quarter. GAMMA Investing LLC now owns 23,248 shares of the company's stock worth $94,000 after purchasing an additional 13,960 shares during the last quarter. 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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