Yalla Group (NYSE:YALA) Sees Strong Trading Volume – What’s Next?

Yalla Group Limited (NYSE:YALA) saw unusually-strong trading volume on Monday . Approximately 101,375 shares traded hands during trading, a decline of 23% from the previous session’s volume of 132,418 shares.The stock last traded at $4.20 and had previously closed at $4.18.

Yalla Group Trading Down 0.1 %

The stock has a market cap of $663.49 million, a price-to-earnings ratio of 5.73 and a beta of 1.19. The stock’s 50-day moving average is $4.11 and its 200-day moving average is $4.16.

Yalla Group (NYSE:YALA) last posted its earnings results on Monday, November 11th. The company reported $0.22 earnings per share for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. The business had revenue of $88.92 million for the quarter.

Hedge Funds Weigh In On Yalla Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in Yalla Group by 145.1% during the 3rd quarter. GAMMA Investing LLC now owns 9,288 shares of the company’s stock valued at $42,000 after purchasing an additional 5,498 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Yalla Group during the third quarter worth approximately $53,000. Walleye Capital LLC bought a new stake in shares of Yalla Group in the third quarter worth $68,000. QRG Capital Management Inc. raised 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 acquiring an additional 2,996 shares in the last quarter. Finally, R Squared Ltd bought a new position in Yalla Group during the 4th quarter valued at $127,000. Hedge funds and other 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.