Yalla Group (NYSE:YALA) Trading Down 5.5% - Here's Why

Yalla Group Limited (NYSE:YALA - Get Free Report)'s stock price fell 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 Trading Down 0.6%

The firm's fifty day moving average price is $6.55 and its 200-day moving average price is $5.02. The company has a market cap of $1.12 billion, a P/E ratio of 9.73 and a beta of 0.88.

Yalla Group (NYSE:YALA - Get Free Report) last posted its quarterly earnings data on Monday, May 19th. The company reported $0.22 earnings per share (EPS) for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. The company had revenue of $83.88 million for the quarter.

Institutional Trading of Yalla Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YALA. Virtu Financial LLC bought a new stake in Yalla Group in the first quarter valued at about $61,000. Dynamic Technology Lab Private Ltd bought a new stake in Yalla Group in the fourth quarter valued at about $74,000. QRG Capital Management Inc. increased its stake 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 acquiring an additional 2,996 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Yalla Group in the fourth quarter valued at about $99,000. Finally, Public Employees Retirement System of Ohio increased its stake in Yalla Group by 123.9% in the fourth 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. Institutional investors own 4.73% of the company's stock.

About Yalla Group

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.