Yalla Group Limited (NYSE:YALA - Get Free Report)'s share price traded down 4.8% on Friday . The company traded as low as $7.41 and last traded at $7.33. 725,049 shares changed hands during mid-day trading, an increase of 95% from the average session volume of 371,108 shares. The stock had previously closed at $7.70.
Yalla Group Price Performance
The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.57 and a beta of 0.88. The firm's fifty day moving average price is $5.57 and its 200-day moving average price is $4.65.
Yalla Group (NYSE:YALA - Get Free Report) last issued its earnings results on Monday, March 10th. The company reported $0.18 earnings per share (EPS) for the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%. The business had revenue of $90.83 million during the quarter. During the same period in the previous year, the company earned $0.17 EPS.
Hedge Funds Weigh In On Yalla Group
Large investors have recently modified their holdings of the business. QRG Capital Management Inc. increased its holdings in Yalla Group by 14.7% in the fourth quarter. QRG Capital Management Inc. now owns 23,400 shares of the company's stock valued at $95,000 after purchasing an additional 2,996 shares during the period. Blue Trust Inc. raised its position in shares of Yalla Group by 29.7% during the fourth quarter. Blue Trust Inc. now owns 40,929 shares of the company's stock worth $166,000 after acquiring an additional 9,366 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Yalla Group by 113.7% in the fourth 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. Robeco Institutional Asset Management B.V. boosted its holdings in Yalla Group by 27.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 168,065 shares of the company's stock valued at $682,000 after acquiring an additional 36,166 shares during the last quarter. Finally, Walleye Capital LLC raised its holdings in Yalla Group by 615.9% during the 4th quarter. Walleye Capital LLC now owns 107,389 shares of the company's stock worth $436,000 after purchasing an additional 92,389 shares during the last quarter. 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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