Yalla Group (NYSE:YALA) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Yalla Group Limited (NYSE:YALA) saw unusually-strong trading volume on Monday . Approximately 405,312 shares were traded during mid-day trading, an increase of 67% from the previous session’s volume of 243,395 shares.The stock last traded at $5.04 and had previously closed at $5.41.

Yalla Group Price Performance

The stock has a market cap of $845.19 million, a P/E ratio of 7.30 and a beta of 1.19. The stock has a 50-day simple moving average of $4.40 and a 200-day simple moving average of $4.30.

Yalla Group (NYSE:YALA) last announced its quarterly earnings results on Monday, March 10th. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $90.83 million for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. During the same period last year, the firm posted $0.17 earnings per share.

Institutional Investors Weigh In On Yalla Group

Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in Yalla Group in the third quarter valued at about $53,000. Walleye Capital LLC bought a new position in Yalla Group in the 3rd quarter valued at approximately $68,000. Dynamic Technology Lab Private Ltd acquired a new stake in Yalla Group during the 4th quarter worth approximately $74,000. GAMMA Investing LLC boosted its position in Yalla Group by 150.3% during the 4th quarter. GAMMA Investing LLC now owns 23,248 shares of the company’s stock worth $94,000 after buying an additional 13,960 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in Yalla Group by 14.7% during the 4th quarter. QRG Capital Management Inc. now owns 23,400 shares of the company’s stock worth $95,000 after acquiring an additional 2,996 shares during the last quarter. Institutional investors and hedge funds own 4.73% of the company’s stock.

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.