Shares of Yalla Group Limited (NYSE:YALA - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $5.63, but opened at $5.78. Yalla Group shares last traded at $5.70, with a volume of 148,037 shares changing hands.
Yalla Group Trading Up 2.4 %
The company has a market cap of $847.41 million, a P/E ratio of 7.32 and a beta of 1.19. The company has a 50 day moving average price of $4.38 and a 200-day moving average price of $4.29.
Yalla Group (NYSE:YALA - Get Free Report) last issued its earnings results on Monday, March 10th. The company reported $0.18 EPS for the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%. The firm had revenue of $90.83 million during the quarter. During the same period in the previous year, the firm posted $0.17 EPS.
Institutional Trading of Yalla Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC grew its position 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 acquiring an additional 214,625 shares during the last quarter. State Street Corp boosted its position in Yalla Group by 1.5% during the 3rd quarter. State Street Corp now owns 538,689 shares of the company's stock worth $2,446,000 after buying an additional 7,924 shares during the period. BNP Paribas Financial Markets bought a new stake in Yalla Group during the 4th quarter worth approximately $1,838,000. Marshall Wace LLP acquired a new position in Yalla Group in the 4th quarter valued at approximately $900,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Yalla Group by 27.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 168,065 shares of the company's stock valued at $682,000 after acquiring an additional 36,166 shares during the last quarter. Institutional investors own 4.73% of the company's stock.
Yalla Group Company Profile
(
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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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