Yalla Group Limited (NYSE:YALA - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 87,190 shares changed hands during mid-day trading, a decline of 28% from the previous session's volume of 121,236 shares.The stock last traded at $3.95 and had previously closed at $4.04.
Yalla Group Stock Performance
The stock has a fifty day simple moving average of $4.23 and a 200-day simple moving average of $4.25. The stock has a market cap of $626.24 million, a P/E ratio of 5.41 and a beta of 1.20.
Institutional Trading of Yalla Group
A number of hedge funds and other institutional investors have recently made changes to their positions in YALA. GAMMA Investing LLC grew its position in Yalla Group by 150.3% in the fourth quarter. GAMMA Investing LLC now owns 23,248 shares of the company's stock valued at $94,000 after purchasing an additional 13,960 shares in the last quarter. DGS Capital Management LLC raised its position in Yalla Group by 109.0% during the third quarter. DGS Capital Management LLC now owns 76,785 shares of the company's stock worth $349,000 after acquiring an additional 40,050 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Yalla Group in the third quarter valued at $53,000. State Street Corp grew its position in shares of Yalla Group by 1.5% in the 3rd quarter. State Street Corp now owns 538,689 shares of the company's stock valued at $2,446,000 after acquiring an additional 7,924 shares during the period. Finally, Walleye Capital LLC acquired a new position in shares of Yalla Group during the 3rd quarter worth about $68,000. 4.73% of the stock is currently owned by institutional investors and hedge funds.
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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