Yalla Group Limited (NYSE:YALA - Get Free Report)'s share price shot up 9.5% during trading on Tuesday . The stock traded as high as $7.07 and last traded at $7.06. 2,050,970 shares traded hands during trading, an increase of 562% from the average session volume of 309,893 shares. The stock had previously closed at $6.44.
Yalla Group Price Performance
The company has a fifty day simple moving average of $5.10 and a two-hundred day simple moving average of $4.49. The company has a market capitalization of $1.22 billion, a P/E ratio of 10.54 and a beta of 0.96.
Yalla Group (NYSE:YALA - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $90.83 million for the quarter. During the same period in the prior year, the company posted $0.17 EPS.
Institutional Trading of Yalla Group
A number of institutional investors and hedge funds have recently modified their holdings of YALA. Dynamic Technology Lab Private Ltd acquired a new position in Yalla Group in the 4th quarter valued at $74,000. GAMMA Investing LLC grew its position in shares of Yalla Group by 150.3% in the fourth quarter. GAMMA Investing LLC now owns 23,248 shares of the company's stock valued at $94,000 after purchasing an additional 13,960 shares during the last quarter. QRG Capital Management Inc. grew its position 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 valued at $95,000 after purchasing an additional 2,996 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Yalla Group in the fourth quarter worth about $99,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Yalla Group by 123.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 26,173 shares of the company's stock worth $106,000 after purchasing an additional 14,483 shares during the last quarter. 4.73% of the stock is currently owned by institutional investors and hedge funds.
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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