Yalla Group Limited (NYSE:YALA - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $6.73, but opened at $6.40. Yalla Group shares last traded at $6.38, with a volume of 684,752 shares.
Yalla Group Stock Down 7.7%
The stock has a market capitalization of $982.41 million, a P/E ratio of 8.51 and a beta of 0.81. The business has a fifty day moving average price of $6.97 and a 200-day moving average price of $5.24.
Yalla Group (NYSE:YALA - Get Free Report) last announced its quarterly earnings results on Monday, May 19th. The company reported $0.22 earnings per share (EPS) for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. The firm had revenue of $83.88 million for the quarter.
Hedge Funds Weigh In On Yalla Group
Several institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in Yalla Group in the first quarter worth about $61,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Yalla Group during the 4th quarter valued at approximately $74,000. 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 valued at $95,000 after acquiring an additional 2,996 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Yalla Group in the 4th quarter worth approximately $99,000. Finally, Public Employees Retirement System of Ohio raised its stake in Yalla Group by 123.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 26,173 shares of the company's stock worth $106,000 after acquiring an additional 14,483 shares during the period. Institutional investors own 4.73% of the company's stock.
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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