Yalla Group Limited (NYSE:YALA - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 279,156 shares traded hands during trading, an increase of 12% from the previous session's volume of 250,013 shares.The stock last traded at $4.20 and had previously closed at $4.23.
Yalla Group Price Performance
The company's 50 day moving average price is $4.31 and its 200 day moving average price is $4.36. The firm has a market capitalization of $678.56 million, a P/E ratio of 5.86 and a beta of 1.19.
Hedge Funds Weigh In On Yalla Group
A number of large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in Yalla Group in the 3rd quarter worth about $53,000. State Street Corp grew its holdings in Yalla Group by 1.5% during the 3rd quarter. State Street Corp now owns 538,689 shares of the company's stock valued at $2,446,000 after buying an additional 7,924 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Yalla Group in the third quarter valued at $68,000. GSA Capital Partners LLP lifted its position in Yalla Group by 19.4% during the third quarter. GSA Capital Partners LLP now owns 300,462 shares of the company's stock valued at $1,364,000 after purchasing an additional 48,831 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Yalla Group by 81.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 131,899 shares of the company's stock valued at $599,000 after purchasing an additional 59,378 shares during the last quarter. 4.73% of the stock is owned by institutional investors.
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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