Yalla Group (NYSE:YALA) Shares Up 10.2% – What’s Next?

Shares of Yalla Group Limited (NYSE:YALA) traded up 10.2% during trading on Thursday . The stock traded as high as $4.89 and last traded at $4.87. 389,178 shares were traded during mid-day trading, an increase of 102% from the average session volume of 192,206 shares. The stock had previously closed at $4.42.

Yalla Group Stock Up 8.7 %

The company has a market capitalization of $761.80 million, a P/E ratio of 6.59 and a beta of 1.19. The business’s 50-day moving average is $4.05 and its two-hundred day moving average is $4.19.

Yalla Group (NYSE:YALA) last announced its earnings results on Monday, March 10th. The company reported $0.18 earnings per share for the quarter. The firm 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 earned $0.17 EPS.

Institutional Inflows and Outflows

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