Yalla Group (NYSE:YALA) Sets New 52-Week High – Time to Buy?

Shares of Yalla Group Limited (NYSE:YALA) reached a new 52-week high on Tuesday . The company traded as high as $8.15 and last traded at $8.02, with a volume of 2391076 shares. The stock had previously closed at $7.76.

Yalla Group Trading Up 3.4 %

The business has a 50 day moving average of $5.24 and a two-hundred day moving average of $4.54. The firm has a market cap of $1.27 billion, a P/E ratio of 10.99 and a beta of 0.96.

Yalla Group (NYSE:YALA) last announced its quarterly earnings results on Monday, March 10th. The company reported $0.18 EPS for the quarter. The business 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 quarter last year, the company posted $0.17 EPS.

Institutional Trading of Yalla Group

Several institutional investors have recently added to or reduced their stakes in YALA. Dynamic Technology Lab Private Ltd bought a new stake in shares of Yalla Group in the fourth quarter valued at about $74,000. GAMMA Investing LLC raised 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 valued at $94,000 after buying an additional 13,960 shares in the last quarter. QRG Capital Management Inc. boosted its stake 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 valued at $95,000 after buying an additional 2,996 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Yalla Group during the fourth quarter worth approximately $99,000. Finally, Public Employees Retirement System of Ohio increased its stake in Yalla Group by 123.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 26,173 shares of the company’s stock worth $106,000 after acquiring an additional 14,483 shares during the period. 4.73% of the stock is currently owned by 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.