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

Yalla Group Limited (NYSE:YALA) saw an uptick in trading volume on Monday . 671,661 shares traded hands during trading, an increase of 126% from the previous session’s volume of 297,237 shares.The stock last traded at $6.79 and had previously closed at $6.56.

Yalla Group Stock Performance

The stock has a 50-day moving average price of $4.86 and a two-hundred day moving average price of $4.42. The stock has a market capitalization of $1.05 billion, a P/E ratio of 9.08 and a beta of 0.96.

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

Institutional Investors Weigh In On Yalla Group

A number of institutional investors have recently added to or reduced their stakes in YALA. Public Employees Retirement System of Ohio bought a new position in Yalla Group during the third quarter valued at $53,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Yalla Group during the 4th quarter worth approximately $74,000. GAMMA Investing LLC grew its holdings 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 purchasing an additional 13,960 shares during the last quarter. QRG Capital Management Inc. grew its stake in Yalla Group by 14.7% in 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 in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Yalla Group during the 4th quarter worth $99,000. 4.73% of the stock is 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.