Yalla Group (NYSE:YALA) Stock Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• Yalla Group shares rose 1.0% and crossed above their 50-day moving average of $5.51, reaching $5.60 before last trading at $5.555.
• Weiss Ratings lowered its assessment from “hold (C+)” to “hold (C)”; overall, the stock carries an average “Hold” rating, based on one analyst rating.
• In its latest reported quarter, Yalla Group posted earnings of $0.21 per share and revenue of $82.61 million, with a net margin of 40.78%.

Yalla Group Limited Sponsored ADR (NYSE:YALA - Get Free Report) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $5.51 and traded as high as $5.60. Yalla Group shares last traded at $5.5550, with a volume of 483,790 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Yalla Group from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, Yalla Group currently has an average rating of "Hold".

Yalla Group Stock Up 1.0%

The stock has a market cap of $849.69 million, a PE ratio of 7.21 and a beta of 0.49. The firm has a 50 day moving average price of $5.51 and a 200 day moving average price of $6.04.

Yalla Group (NYSE:YALA - Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The company reported $0.21 earnings per share for the quarter. Yalla Group had a return on equity of 16.82% and a net margin of 40.78%. The firm had revenue of $82.61 million during the quarter.

Institutional Investors Weigh In On Yalla Group

Several hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in shares of Yalla Group by 67.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,202 shares of the company's stock worth $64,000 after purchasing an additional 4,112 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Yalla Group during the second quarter valued at approximately $58,000. Lazard Asset Management LLC purchased a new position in Yalla Group during the first quarter valued at approximately $83,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Yalla Group during the third quarter valued at approximately $104,000. Finally, StoneX Group Inc. purchased a new position in Yalla Group during the third quarter valued at approximately $108,000. Hedge funds and other institutional investors own 4.73% of the company's stock.

Yalla Group Company Profile

Yalla Group Limited is a technology company that operates social networking and entertainment platforms focused primarily on users in the Middle East and North Africa. The company's services emphasize voice-based group communication, online social interaction and casual gaming.

Its flagship application, Yalla, provides virtual rooms where users can communicate through voice chat, participate in discussions and interact socially. The company also operates Yalla Ludo, a multiplayer online game based on traditional board games, along with other applications and games designed for regional users.

Founded in 2016 and headquartered in Dubai, United Arab Emirates, Yalla Group has built its business around adapting social and entertainment products to local languages, cultures and user preferences across the MENA region.

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