Shares of Yalla Group Limited (NYSE:YALA - Get Free Report) traded down 5.5% during mid-day trading on Friday . The stock traded as low as $7.35 and last traded at $7.33. 427,954 shares were traded during trading, a decline of 5% from the average session volume of 452,746 shares. The stock had previously closed at $7.75.
Yalla Group Price Performance
The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 9.82 and a beta of 0.88. The stock has a 50-day moving average price of $6.51 and a 200 day moving average price of $5.01.
Yalla Group (NYSE:YALA - Get Free Report) last released its quarterly earnings results on Monday, May 19th. The company reported $0.22 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 firm had revenue of $83.88 million for the quarter.
Institutional Trading of Yalla Group
Several institutional investors and hedge funds have recently bought and sold shares of YALA. Virtu Financial LLC acquired a new position in Yalla Group in the first quarter valued at $61,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Yalla Group during the 4th quarter worth approximately $74,000. QRG Capital Management Inc. boosted its stake in shares of 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 buying an additional 2,996 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Yalla Group in the 4th quarter valued at about $99,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of 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 valued at $106,000 after acquiring an additional 14,483 shares during the period. Hedge funds and other institutional investors 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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