Yalla Group Limited (NYSE:YALA - Get Free Report)'s share price fell 1.7% during mid-day trading on Friday . The stock traded as low as $4.62 and last traded at $4.72. 176,460 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 223,833 shares. The stock had previously closed at $4.80.
Yalla Group Price Performance
The stock has a market capitalization of $836.31 million, a P/E ratio of 7.23 and a beta of 1.19. The stock's fifty day moving average is $4.12 and its two-hundred day moving average is $4.21.
Yalla Group (NYSE:YALA - Get Free Report) last issued its 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 net margin of 40.72% and a return on equity of 21.80%. During the same quarter in the previous year, the business posted $0.17 earnings per share.
Institutional Trading of Yalla Group
A number of large investors have recently added to or reduced their stakes in YALA. Walleye Capital LLC bought a new stake in Yalla Group during the third quarter worth approximately $68,000. State Street Corp boosted its holdings in Yalla Group by 1.5% during the third 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 in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Yalla Group during the 3rd quarter worth approximately $53,000. DGS Capital Management LLC grew its position in Yalla Group by 109.0% during the 3rd quarter. DGS Capital Management LLC now owns 76,785 shares of the company's stock worth $349,000 after purchasing an additional 40,050 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Yalla Group by 150.3% during the 4th quarter. GAMMA Investing LLC now owns 23,248 shares of the company's stock worth $94,000 after purchasing an additional 13,960 shares in the last quarter. 4.73% of the stock is currently owned by institutional investors.
Yalla Group Company Profile
(
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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