Yalla Group (NYSE:YALA) Shares Gap Down - Time to Sell?

Key Points

• Yalla Group's shares gapped down from $8.72 to $7.92 before trading, finally closing at $8.45 with significant trading volume of 237,998 shares.
• The company reported a net margin of 40.94% and earnings of $0.20 per share for the last quarter, with revenues totaling $84.56 million.
• Several institutional investors have increased their stakes in Yalla Group, indicating growing interest despite the recent stock decline.

Yalla Group Limited Sponsored ADR (NYSE:YALA - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $8.72, but opened at $7.92. Yalla Group shares last traded at $8.45, with a volume of 237,998 shares trading hands.

Yalla Group Stock Performance

The stock has a market capitalization of $1.34 billion, a PE ratio of 11.03 and a beta of 0.80. The stock's 50 day moving average is $7.29 and its two-hundred day moving average is $6.19.

Yalla Group (NYSE:YALA - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.20 earnings per share for the quarter. The firm had revenue of $84.56 million for the quarter. Yalla Group had a net margin of 40.94% and a return on equity of 20.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new position in Yalla Group in the 4th quarter valued at about $1,838,000. GAMMA Investing LLC raised its holdings in Yalla Group by 265.8% in the 1st quarter. GAMMA Investing LLC now owns 85,044 shares of the company's stock valued at $444,000 after acquiring an additional 61,796 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Yalla Group by 13.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 190,606 shares of the company's stock valued at $995,000 after acquiring an additional 22,541 shares during the last quarter. Russell Investments Group Ltd. raised its holdings 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 acquiring an additional 56,046 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Yalla Group by 123.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 26,173 shares of the company's stock valued at $106,000 after acquiring an additional 14,483 shares during the last quarter. 4.73% of the stock is owned by hedge funds and other institutional investors.

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.

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