Yalla Group Limited (NYSE:YALA - Get Free Report)'s share price traded up 10.2% during trading on Thursday . The company traded as high as $4.89 and last traded at $4.87. 389,178 shares traded hands during mid-day trading, an increase of 102% from the average session volume of 192,206 shares. The stock had previously closed at $4.42.
Yalla Group Trading Up 8.7 %
The business's 50-day simple moving average is $4.05 and its two-hundred day simple moving average is $4.19. The firm has a market cap of $761.80 million, a price-to-earnings ratio of 6.59 and a beta of 1.19.
Yalla Group (NYSE:YALA - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The company reported $0.18 EPS for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. The business had revenue of $90.83 million for the quarter. During the same period last year, the company posted $0.17 EPS.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP raised its holdings in shares of Yalla Group by 19.4% during the third quarter. GSA Capital Partners LLP now owns 300,462 shares of the company's stock valued at $1,364,000 after purchasing an additional 48,831 shares during the period. Walleye Capital LLC bought a new stake in Yalla Group in the 3rd quarter valued at about $68,000. State Street Corp boosted its holdings in Yalla Group by 1.5% in the third quarter. State Street Corp now owns 538,689 shares of the company's stock worth $2,446,000 after acquiring an additional 7,924 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Yalla Group in the third quarter worth approximately $53,000. Finally, DGS Capital Management LLC grew its stake in Yalla Group by 109.0% in the third quarter. DGS Capital Management LLC now owns 76,785 shares of the company's stock valued at $349,000 after acquiring an additional 40,050 shares during the period. 4.73% of the stock is 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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