Yalla Group (NYSE:YALA) Stock Price Down 3% - Should You Sell?

Yalla Group Limited (NYSE:YALA - Get Free Report)'s stock price dropped 3% during mid-day trading on Thursday . The company traded as low as $6.92 and last traded at $6.87. Approximately 42,338 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 460,132 shares. The stock had previously closed at $7.08.

Yalla Group Stock Performance

The company has a 50 day moving average of $6.66 and a 200 day moving average of $5.07. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 9.45 and a beta of 0.88.

Yalla Group (NYSE:YALA - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $83.88 million during the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%.

Institutional Trading of Yalla Group

Several large investors have recently added to or reduced their stakes in YALA. QRG Capital Management Inc. boosted its position 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 during the last quarter. R Squared Ltd raised its stake in Yalla Group by 21.9% during the first quarter. R Squared Ltd now owns 38,060 shares of the company's stock worth $199,000 after purchasing an additional 6,830 shares during the period. Blue Trust Inc. boosted its holdings in Yalla Group by 29.7% in the 4th 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 during the last quarter. Virtu Financial LLC purchased a new stake in shares of Yalla Group in the 1st quarter valued at approximately $61,000. Finally, Jump Financial LLC increased its holdings in shares of Yalla Group by 36.3% during the 4th quarter. Jump Financial LLC now owns 47,200 shares of the company's stock worth $192,000 after buying an additional 12,571 shares during the last quarter. 4.73% of the stock is currently owned by hedge funds and other institutional investors.

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.