Yalla Group Limited (NYSE:YALA - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $5.91 and last traded at $5.89, with a volume of 326511 shares. The stock had previously closed at $5.38.
Yalla Group Trading Up 2.0 %
The stock has a market cap of $986.14 million, a price-to-earnings ratio of 8.52 and a beta of 0.96. The stock has a fifty day simple moving average of $4.72 and a 200-day simple moving average of $4.39.
Yalla Group (NYSE:YALA - Get Free Report) last released its earnings results on Monday, March 10th. The company reported $0.18 earnings per share for the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%. The business had revenue of $90.83 million for the quarter. During the same period last year, the business earned $0.17 earnings per share.
Hedge Funds Weigh In On Yalla Group
A number of hedge funds have recently made changes to their positions in YALA. QRG Capital Management Inc. raised its position in 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 purchasing an additional 2,996 shares in the last quarter. State Street Corp raised its stake in shares of Yalla Group by 1.5% in the third 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 last quarter. Blue Trust Inc. grew its position in Yalla Group by 29.7% during the 4th quarter. Blue Trust Inc. now owns 40,929 shares of the company's stock worth $166,000 after acquiring an additional 9,366 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Yalla Group during the 3rd quarter valued at $53,000. Finally, Jump Financial LLC boosted its stake in Yalla Group by 36.3% in the fourth quarter. Jump Financial LLC now owns 47,200 shares of the company's stock worth $192,000 after purchasing an additional 12,571 shares in the last quarter. Institutional investors and hedge funds 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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