Yalla Group (NYSE:YALA) Reaches New 1-Year High - Time to Buy?

Yalla Group Limited (NYSE:YALA - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as $8.15 and last traded at $8.02, with a volume of 2391076 shares. The stock had previously closed at $7.76.

Yalla Group Trading Up 0.7 %

The firm has a market cap of $1.22 billion, a PE ratio of 10.58 and a beta of 0.96. The company's 50-day moving average is $5.38 and its 200 day moving average is $4.59.

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. The business had revenue of $90.83 million during 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 EPS.

Institutional Investors Weigh In On Yalla Group

Hedge funds have recently made changes to their positions in the company. QRG Capital Management Inc. grew its holdings in shares of Yalla Group by 14.7% during the 4th quarter. QRG Capital Management Inc. now owns 23,400 shares of the company's stock valued at $95,000 after acquiring an additional 2,996 shares in the last quarter. State Street Corp grew its stake in Yalla Group by 1.5% in the third quarter. State Street Corp now owns 538,689 shares of the company's stock valued at $2,446,000 after purchasing an additional 7,924 shares in the last quarter. Blue Trust Inc. grew its stake in Yalla Group by 29.7% in the fourth quarter. Blue Trust Inc. now owns 40,929 shares of the company's stock valued at $166,000 after purchasing an additional 9,366 shares in the last quarter. Jump Financial LLC grew its stake in Yalla Group by 36.3% in the fourth quarter. Jump Financial LLC now owns 47,200 shares of the company's stock valued at $192,000 after purchasing an additional 12,571 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Yalla Group by 150.3% in the fourth quarter. GAMMA Investing LLC now owns 23,248 shares of the company's stock valued at $94,000 after purchasing an additional 13,960 shares in the last quarter. Hedge funds and other institutional investors own 4.73% of the company's stock.

Yalla Group Company Profile

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.