Yalla Group (NYSE:YALA) Trading 7.5% Higher

Shares of Yalla Group Limited (NYSE:YALAGet Rating) traded up 7.5% during trading on Friday . The stock traded as high as $4.47 and last traded at $4.47. 2,820 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 162,084 shares. The stock had previously closed at $4.16.

Yalla Group Stock Performance

The firm has a market capitalization of $657.15 million, a PE ratio of 9.47 and a beta of 1.17. The company’s 50-day moving average price is $3.85 and its 200-day moving average price is $3.84.

Yalla Group (NYSE:YALAGet Rating) last released its quarterly earnings data on Monday, November 14th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $80.06 million during the quarter. Yalla Group had a net margin of 27.72% and a return on equity of 21.82%.

Institutional Investors Weigh In On Yalla Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Counterpoint Mutual Funds LLC acquired a new position in Yalla Group in the fourth quarter valued at $112,000. Jane Street Group LLC purchased a new stake in shares of Yalla Group in the third quarter valued at about $50,000. Nomura Holdings Inc. purchased a new stake in shares of Yalla Group in the third quarter valued at about $80,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Yalla Group in the third quarter valued at about $78,000. Finally, Marshall Wace LLP purchased a new stake in shares of Yalla Group in the third quarter valued at about $717,000. 4.08% of the stock is currently owned by institutional investors and hedge funds.

Yalla Group Company Profile

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Yalla Group Limited operates a voice-centric social networking and entertainment platform under the Yalla name primarily in the Middle East and North Africa region. Its platform offers group chatting and games services; and sells virtual items, as well as provides upgrade services. The company was formerly known as FYXTech Corporation.

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