Yalla Group (NYSE:YALA) Sees Large Volume Increase

Shares of Yalla Group Limited (NYSE:YALA) saw unusually-high trading volume on Tuesday . Approximately 295,845 shares traded hands during trading, an increase of 15% from the previous session’s volume of 257,841 shares.The stock last traded at $4.08 and had previously closed at $4.09.

Yalla Group Stock Performance

The firm’s 50 day moving average is $4.17 and its 200-day moving average is $4.58. The firm has a market cap of $642.09 million, a price-to-earnings ratio of 5.84 and a beta of 1.17.

Yalla Group (NYSE:YALA) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.17 earnings per share for the quarter. The business had revenue of $81.20 million for the quarter. Yalla Group had a return on equity of 22.50% and a net margin of 40.07%.

Institutional Trading of Yalla Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its holdings in Yalla Group by 1,104.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,576 shares of the company’s stock valued at $26,000 after buying an additional 5,113 shares during the period. Tucker Asset Management LLC acquired a new stake in Yalla Group during the fourth quarter valued at approximately $44,000. Blue Trust Inc. grew its stake in shares of Yalla Group by 36,378.6% in the 2nd quarter. Blue Trust Inc. now owns 10,214 shares of the company’s stock valued at $49,000 after purchasing an additional 10,186 shares during the period. QRG Capital Management Inc. raised its holdings in shares of Yalla Group by 12.7% in the 4th quarter. QRG Capital Management Inc. now owns 21,436 shares of the company’s stock worth $131,000 after buying an additional 2,408 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Yalla Group during the 4th quarter worth approximately $137,000. Institutional investors and hedge funds 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.