Shares of Yalla Group Limited (NYSE:YALA - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 218,847 shares traded hands during trading, an increase of 27% from the previous session's volume of 171,746 shares.The stock last traded at $4.14 and had previously closed at $4.01.
Yalla Group Trading Down 1.8 %
The stock has a market cap of $747.53 million, a PE ratio of 6.46 and a beta of 1.19. The business has a fifty day simple moving average of $4.07 and a two-hundred day simple moving average of $4.19.
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 (EPS) for the quarter. The business had revenue of $90.83 million during the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%. During the same quarter last year, the company posted $0.17 EPS.
Institutional Investors Weigh In On Yalla Group
Hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its stake 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 valued at $106,000 after purchasing an additional 14,483 shares in the last quarter. Vident Advisory LLC increased its position in Yalla Group by 180.3% during the 4th 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 in the last quarter. Millennium Management LLC raised its stake in Yalla Group by 57.9% during the fourth quarter. Millennium Management LLC now owns 585,284 shares of the company's stock valued at $2,376,000 after buying an additional 214,625 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Yalla Group in the fourth quarter worth $99,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Yalla Group during the fourth quarter valued at $1,838,000. Institutional investors own 4.73% of the company's stock.
About Yalla Group
(
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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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