Yalla Group (NYSE:YALA) Shares Down 5.5% - What's Next?

Yalla Group Limited (NYSE:YALA - Get Free Report) traded down 5.5% on Friday . The company traded as low as $7.35 and last traded at $7.33. 427,954 shares changed hands 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 Up 0.3%

The company has a market capitalization of $1.12 billion, a P/E ratio of 9.72 and a beta of 0.88. The stock has a 50 day moving average price of $6.55 and a 200 day moving average price of $5.02.

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. The firm had revenue of $83.88 million during the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%.

Institutional Trading of Yalla Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Yalla Group in the 1st quarter worth about $61,000. Dynamic Technology Lab Private Ltd acquired a new stake in Yalla Group during the fourth quarter worth approximately $74,000. 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 worth $95,000 after purchasing an additional 2,996 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Yalla Group in the fourth quarter worth approximately $99,000. Finally, Public Employees Retirement System of Ohio lifted 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 buying an additional 14,483 shares during the period. Institutional investors and hedge funds 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.