Yalla Group Limited Sponsored ADR (NYSE:YALA - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $8.84 and last traded at $8.95, with a volume of 386445 shares changing hands. The stock had previously closed at $7.98.
Yalla Group Trading Up 1.0%
The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 11.79 and a beta of 0.80. The stock has a 50-day moving average of $7.25 and a 200-day moving average of $6.14.
Yalla Group (NYSE:YALA - Get Free Report) last released its quarterly earnings results on Monday, May 19th. The company reported $0.22 earnings per share for the quarter. The company had revenue of $83.88 million for the quarter. Yalla Group had a return on equity of 20.67% and a net margin of 40.94%.
Institutional Investors Weigh In On Yalla Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its holdings in Yalla Group by 1.4% during the first quarter. Acadian Asset Management LLC now owns 2,791,208 shares of the company's stock worth $14,535,000 after purchasing an additional 37,580 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Yalla Group by 228.0% during the second quarter. Robeco Institutional Asset Management B.V. now owns 625,165 shares of the company's stock worth $4,214,000 after purchasing an additional 434,559 shares in the last quarter. Millennium Management LLC raised its holdings in Yalla Group by 57.9% during the fourth quarter. Millennium Management LLC now owns 585,284 shares of the company's stock worth $2,376,000 after purchasing an additional 214,625 shares in the last quarter. Ariose Capital Management Ltd bought a new stake in Yalla Group during the second quarter worth approximately $3,808,000. Finally, Vident Advisory LLC raised its holdings in Yalla Group by 190.7% during the first quarter. Vident Advisory LLC now owns 455,808 shares of the company's stock worth $2,379,000 after purchasing an additional 298,985 shares in the last quarter. Institutional investors own 4.73% of the company's stock.
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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