Yalla Group (NYSE:YALA) Sees Large Volume Increase – What’s Next?

Shares of Yalla Group Limited (NYSE:YALA) saw unusually-strong trading volume on Monday . Approximately 751,512 shares were traded during trading, an increase of 83% from the previous session’s volume of 410,256 shares.The stock last traded at $7.59 and had previously closed at $7.20.

Yalla Group Stock Performance

The company has a market capitalization of $1.18 billion, a P/E ratio of 10.24 and a beta of 0.88. The business has a 50 day moving average of $5.83 and a 200-day moving average of $4.74.

Yalla Group (NYSE:YALA) last released its quarterly earnings data 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 return on equity of 21.80% and a net margin of 40.72%. During the same quarter in the previous year, the firm posted $0.17 earnings per share.

Hedge Funds Weigh In On Yalla Group

A number of institutional investors have recently added to or reduced their stakes in the business. Atria Wealth Solutions Inc. bought a new position in Yalla Group in the 1st quarter worth about $157,000. R Squared Ltd increased its stake in Yalla Group by 21.9% in the 1st quarter. R Squared Ltd now owns 38,060 shares of the company’s stock worth $199,000 after acquiring an additional 6,830 shares during the last quarter. XTX Topco Ltd bought a new position in Yalla Group in the 1st quarter worth about $221,000. Robeco Institutional Asset Management B.V. increased its stake in Yalla Group by 13.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 190,606 shares of the company’s stock worth $995,000 after acquiring an additional 22,541 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Yalla Group during the 1st quarter valued at about $644,000. 4.73% of the stock is currently owned by institutional investors.

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.