Yalla Group (NYSE:YALA) Shares Gap Down - Should You Sell?

Yalla Group Limited (NYSE:YALA - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $7.13, but opened at $6.75. Yalla Group shares last traded at $6.72, with a volume of 941,052 shares.

Yalla Group Stock Performance

The company has a market capitalization of $1.16 billion, a P/E ratio of 10.08 and a beta of 0.88. The stock's fifty day moving average price is $5.76 and its 200-day moving average price is $4.71.

Yalla Group (NYSE:YALA - Get Free Report) last posted its earnings results on Monday, March 10th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $90.83 million for the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%. During the same period in the previous year, the firm posted $0.17 earnings per share.

Institutional Trading of Yalla Group

Several large investors have recently made changes to their positions in YALA. Dynamic Technology Lab Private Ltd bought a new position in shares of Yalla Group in the 4th quarter valued at $74,000. GAMMA Investing LLC boosted 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 valued at $94,000 after acquiring an additional 13,960 shares in the last quarter. QRG Capital Management Inc. increased its holdings in 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 purchasing an additional 2,996 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Yalla Group in the 4th quarter worth about $99,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Yalla Group by 123.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 26,173 shares of the company's stock valued at $106,000 after purchasing an additional 14,483 shares in the last quarter. Institutional investors and hedge funds 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.