Shares of 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 Stock Performance
The stock has a market cap of $1.09 billion, a P/E ratio of 9.46 and a beta of 0.82. The firm's fifty day simple moving average is $6.77 and its 200-day simple moving average is $5.14.
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. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%. The company had revenue of $83.88 million for the quarter.
Hedge Funds Weigh In On Yalla Group
Several large investors have recently bought and sold shares of YALA. BNP Paribas Financial Markets purchased a new stake in shares of Yalla Group during the 4th quarter valued at $1,838,000. QRG Capital Management Inc. grew its stake 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 worth $95,000 after acquiring an additional 2,996 shares during the period. Blue Trust Inc. increased its stake in shares of Yalla Group by 29.7% in the fourth quarter. Blue Trust Inc. now owns 40,929 shares of the company's stock worth $166,000 after purchasing an additional 9,366 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Yalla Group by 113.7% in the 4th quarter. Russell Investments Group Ltd. now owns 105,334 shares of the company's stock valued at $423,000 after buying an additional 56,046 shares in the last quarter. Finally, Barclays PLC grew its holdings in Yalla Group by 266.5% during the 4th quarter. Barclays PLC now owns 126,292 shares of the company's stock valued at $513,000 after buying an additional 91,832 shares in the last quarter. 4.73% of the stock is currently owned by institutional investors.
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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