Yalla Group Limited (NYSE:YALA - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $6.90, but opened at $6.69. Yalla Group shares last traded at $6.71, with a volume of 213,758 shares changing hands.
Yalla Group Trading Up 4.5%
The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 9.78 and a beta of 0.82. The business's 50-day simple moving average is $6.70 and its two-hundred day simple moving average is $5.11.
Yalla Group (NYSE:YALA - Get Free Report) last released its earnings results on Monday, May 19th. The company reported $0.22 earnings per share for the quarter. The business 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
Hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC lifted its stake in Yalla Group by 1.4% during the 1st quarter. Acadian Asset Management LLC now owns 2,791,208 shares of the company's stock valued at $14,535,000 after acquiring an additional 37,580 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Yalla Group by 64.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 104,475 shares of the company's stock valued at $545,000 after acquiring an additional 41,003 shares in the last quarter. Vident Advisory LLC lifted its stake in Yalla Group by 190.7% during the 1st quarter. Vident Advisory LLC now owns 455,808 shares of the company's stock valued at $2,379,000 after acquiring an additional 298,985 shares in the last quarter. Jump Financial LLC lifted its stake in Yalla Group by 31.4% during the 1st quarter. Jump Financial LLC now owns 62,000 shares of the company's stock valued at $324,000 after acquiring an additional 14,800 shares in the last quarter. Finally, E Fund Management Co. Ltd. bought a new position in Yalla Group during the 1st quarter valued at $644,000. Institutional investors and hedge funds 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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