Yalla Group Limited (NYSE:YALA - Get Free Report)'s share price shot up 5.7% during trading on Thursday . The stock traded as high as $5.78 and last traded at $5.81. 671,259 shares traded hands during trading, an increase of 183% from the average session volume of 237,556 shares. The stock had previously closed at $5.49.
Yalla Group Stock Down 3.4 %
The firm has a market capitalization of $828.39 million, a price-to-earnings ratio of 7.16 and a beta of 1.19. The stock's 50 day moving average price is $4.35 and its two-hundred day moving average price is $4.28.
Yalla Group (NYSE:YALA - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The company reported $0.18 earnings per share (EPS) 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 during the quarter. During the same quarter in the prior year, the firm earned $0.17 earnings per share.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets bought a new stake in Yalla Group in the fourth quarter worth $1,838,000. Marshall Wace LLP bought a new stake in shares of Yalla Group during the 4th quarter worth about $900,000. Millennium Management LLC increased its holdings in shares of Yalla Group by 57.9% during the 4th quarter. Millennium Management LLC now owns 585,284 shares of the company's stock valued at $2,376,000 after acquiring an additional 214,625 shares during the last quarter. Vident Advisory LLC raised its stake 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 acquiring an additional 100,872 shares in the last quarter. Finally, Walleye Capital LLC boosted its holdings in Yalla Group by 615.9% during the fourth quarter. Walleye Capital LLC now owns 107,389 shares of the company's stock valued at $436,000 after acquiring an additional 92,389 shares during the period. 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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