Yalla Group Limited (NYSE:YALA - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $4.02, but opened at $4.20. Yalla Group shares last traded at $4.19, with a volume of 74,529 shares changing hands.
Yalla Group Stock Up 3.2 %
The stock has a 50 day simple moving average of $4.04 and a 200 day simple moving average of $4.18. The company has a market cap of $657.95 million, a price-to-earnings ratio of 5.68 and a beta of 1.19.
Yalla Group (NYSE:YALA - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The company reported $0.18 earnings per share for the quarter. The firm 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 in the prior year, the company earned $0.17 EPS.
Institutional Investors Weigh In On Yalla Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in shares of Yalla Group during the fourth quarter valued at about $1,838,000. Marshall Wace LLP acquired a new stake in Yalla Group during the 4th quarter valued at approximately $900,000. Millennium Management LLC increased its holdings in Yalla Group by 57.9% during the 4th quarter. Millennium Management LLC now owns 585,284 shares of the company's stock worth $2,376,000 after purchasing an additional 214,625 shares during the last quarter. Vident Advisory LLC raised its position in shares of Yalla Group by 180.3% in the 4th quarter. Vident Advisory LLC now owns 156,823 shares of the company's stock valued at $637,000 after purchasing an additional 100,872 shares in the last quarter. Finally, Walleye Capital LLC boosted its stake in shares of Yalla Group by 615.9% during the 4th quarter. Walleye Capital LLC now owns 107,389 shares of the company's stock valued at $436,000 after buying an additional 92,389 shares during the last quarter. Hedge funds and other institutional investors 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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