Yalla Group Limited (NYSE:YALA - Get Free Report) shares 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 traded.
Yalla Group Trading Up 3.8%
The firm has a market capitalization of $1.02 billion, a P/E ratio of 8.86 and a beta of 0.81. The business's fifty day moving average is $6.97 and its 200 day moving average is $5.26.
Yalla Group (NYSE:YALA - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $83.88 million for the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%.
Hedge Funds Weigh In On Yalla Group
A number of hedge funds and other institutional investors have recently modified their holdings of YALA. BNP Paribas Financial Markets purchased a new stake in Yalla Group during the fourth quarter valued at about $1,838,000. Vident Advisory LLC boosted its stake in Yalla Group by 190.7% in the 1st quarter. Vident Advisory LLC now owns 455,808 shares of the company's stock worth $2,379,000 after purchasing an additional 298,985 shares during the period. Marshall Wace LLP purchased a new position in Yalla Group during the 4th quarter worth approximately $900,000. Millennium Management LLC raised its stake in Yalla Group by 57.9% during the 4th quarter. Millennium Management LLC now owns 585,284 shares of the company's stock valued at $2,376,000 after purchasing an additional 214,625 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake 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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