Shares of Yalla Group Limited Sponsored ADR (NYSE:YALA - Get Free Report) fell 4.7% during trading on Wednesday . The stock traded as low as $7.92 and last traded at $7.97. 295,053 shares changed hands during trading, a decline of 61% from the average session volume of 756,899 shares. The stock had previously closed at $8.36.
Yalla Group Price Performance
The stock has a market capitalization of $1.29 billion, a PE ratio of 10.16 and a beta of 0.80. The firm's 50 day simple moving average is $7.32 and its 200 day simple moving average is $6.20.
Yalla Group (NYSE:YALA - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $0.20 EPS for the quarter. Yalla Group had a net margin of 42.02% and a return on equity of 20.91%. The company had revenue of $84.56 million for the quarter.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in YALA. Retireful LLC bought a new stake in shares of Yalla Group during the 2nd quarter valued at $75,000. Virtu Financial LLC bought a new position in Yalla Group in the 1st quarter worth about $61,000. GAMMA Investing LLC boosted its stake in Yalla Group by 10.0% in the 2nd quarter. GAMMA Investing LLC now owns 17,927 shares of the company's stock worth $121,000 after purchasing an additional 1,635 shares in the last quarter. SBI Securities Co. Ltd. raised its position in Yalla Group by 1,200.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 20,304 shares of the company's stock worth $137,000 after buying an additional 18,743 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Yalla Group in the 4th quarter worth about $99,000. 4.73% of the stock is owned by hedge funds and other 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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