Yalla Group Limited (NYSE:YALA - Get Free Report) saw an uptick in trading volume on Tuesday . 261,734 shares were traded during trading, an increase of 2% from the previous session's volume of 256,338 shares.The stock last traded at $5.48 and had previously closed at $4.98.
Yalla Group Stock Performance
The stock has a market cap of $929.54 million, a price-to-earnings ratio of 8.03 and a beta of 0.96. The business has a fifty day simple moving average of $4.64 and a 200 day simple moving average of $4.36.
Yalla Group (NYSE:YALA - Get Free Report) last released its earnings results on Monday, March 10th. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $90.83 million for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. During the same quarter last year, the company posted $0.17 earnings per share.
Hedge Funds Weigh In On Yalla Group
Several institutional investors have recently added to or reduced their stakes in YALA. Public Employees Retirement System of Ohio acquired a new stake in shares of Yalla Group in the third quarter worth approximately $53,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Yalla Group during the 4th quarter valued at $74,000. GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 13,960 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Yalla Group by 14.7% in the 4th quarter. QRG Capital Management Inc. now owns 23,400 shares of the company's stock worth $95,000 after buying an additional 2,996 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in Yalla Group in the fourth quarter valued at $99,000. 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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