Shares of Yalla Group Limited (NYSE:YALA - Get Free Report) saw strong trading volume on Monday . 405,312 shares changed hands during mid-day trading, an increase of 67% from the previous session's volume of 243,395 shares.The stock last traded at $5.04 and had previously closed at $5.41.
Yalla Group Price Performance
The company has a fifty day moving average price of $4.46 and a two-hundred day moving average price of $4.31. The firm has a market cap of $738.02 million, a price-to-earnings ratio of 6.38 and a beta of 0.96.
Yalla Group (NYSE:YALA - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The company reported $0.18 earnings per share for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. The company had revenue of $90.83 million during the quarter. During the same quarter last year, the business posted $0.17 EPS.
Institutional Investors Weigh In On Yalla Group
A number of institutional investors and hedge funds have recently modified their holdings of YALA. Public Employees Retirement System of Ohio acquired a new stake in shares of Yalla Group during the third quarter worth $53,000. Walleye Capital LLC acquired a new stake in Yalla Group during the 3rd quarter worth about $68,000. Dynamic Technology Lab Private Ltd acquired a new stake in Yalla Group during the 4th quarter worth about $74,000. GAMMA Investing LLC lifted its stake in Yalla Group by 150.3% during the fourth quarter. GAMMA Investing LLC now owns 23,248 shares of the company's stock valued at $94,000 after buying an additional 13,960 shares in the last quarter. Finally, QRG Capital Management Inc. boosted 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 worth $95,000 after buying an additional 2,996 shares during the period. Institutional investors and hedge funds own 4.73% of the company's stock.
Yalla Group Company Profile
(
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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