Yalla Group (NYSE:YALA) Trading Up 10.2% – What’s Next?

Yalla Group Limited (NYSE:YALA)’s share price was up 10.2% during trading on Thursday . The stock traded as high as $4.89 and last traded at $4.87. Approximately 389,178 shares changed hands during mid-day trading, an increase of 102% from the average daily volume of 192,206 shares. The stock had previously closed at $4.42.

Yalla Group Price Performance

The company has a 50-day moving average price of $4.08 and a 200 day moving average price of $4.19. The firm has a market capitalization of $742.77 million, a PE ratio of 6.42 and a beta of 1.19.

Yalla Group (NYSE:YALA) last announced its quarterly earnings data on Monday, March 10th. The company reported $0.18 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 for the quarter. During the same quarter in the previous year, the firm earned $0.17 earnings per share.

Institutional Investors Weigh In On Yalla Group

A number of hedge funds have recently made changes to their positions in YALA. Public Employees Retirement System of Ohio purchased a new stake in shares of Yalla Group in the third quarter worth about $53,000. Walleye Capital LLC purchased a new stake in shares of Yalla Group in the third quarter worth about $68,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Yalla Group in the fourth quarter worth about $74,000. GAMMA Investing LLC lifted its position in shares of Yalla Group by 150.3% in the fourth quarter. GAMMA Investing LLC now owns 23,248 shares of the company’s stock worth $94,000 after buying an additional 13,960 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its position 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 worth $95,000 after buying an additional 2,996 shares in the last quarter. 4.73% of the stock is currently owned by hedge funds and other institutional investors.

Yalla Group Company Profile

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.