Yalla Group Limited (NYSE:YALA - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 751,512 shares changed hands during trading, an increase of 83% from the previous session's volume of 410,256 shares.The stock last traded at $7.59 and had previously closed at $7.20.
Yalla Group Stock Performance
The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 10.73 and a beta of 0.88. The firm's fifty day simple moving average is $6.05 and its 200 day simple moving average is $4.80.
Yalla Group (NYSE:YALA - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The company reported $0.18 earnings per share (EPS) for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. The company had revenue of $90.83 million for the quarter. During the same quarter last year, the business earned $0.17 earnings per share.
Institutional Trading of Yalla Group
Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of Yalla Group in the first quarter valued at approximately $61,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Yalla Group in the fourth quarter valued at approximately $74,000. QRG Capital Management Inc. grew its stake 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 buying an additional 2,996 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Yalla Group in the fourth quarter valued at $99,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Yalla Group by 123.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 26,173 shares of the company's stock valued at $106,000 after buying an additional 14,483 shares in 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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