Yalla Group (NYSE:YALA) Reaches New 52-Week High - What's Next?

Shares of Yalla Group Limited (NYSE:YALA - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $6.65 and last traded at $6.54, with a volume of 319122 shares changing hands. The stock had previously closed at $6.26.

Yalla Group Stock Up 10.4 %

The company has a 50-day simple moving average of $4.91 and a two-hundred day simple moving average of $4.43. The firm has a market cap of $1.13 billion, a PE ratio of 9.74 and a beta of 0.96.

Yalla Group (NYSE:YALA - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The company reported $0.18 EPS for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. The business had revenue of $90.83 million for the quarter. During the same period last year, the company earned $0.17 earnings per share.

Institutional Investors Weigh In On Yalla Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. increased 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 purchasing an additional 2,996 shares during the period. State Street Corp raised its stake in 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 purchasing an additional 7,924 shares in the last quarter. Blue Trust Inc. lifted its position in Yalla Group by 29.7% during the fourth quarter. Blue Trust Inc. now owns 40,929 shares of the company's stock valued at $166,000 after purchasing an additional 9,366 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Yalla Group in the 3rd quarter worth $53,000. Finally, Jump Financial LLC raised its position in shares of Yalla Group by 36.3% during the 4th quarter. Jump Financial LLC now owns 47,200 shares of the company's stock valued at $192,000 after buying an additional 12,571 shares in the last quarter. 4.73% of the stock is currently owned by institutional investors.

About Yalla Group

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.