Yalla Group (NYSE:YALA) Sees Unusually-High Trading Volume

Yalla Group Limited (NYSE:YALAGet Free Report) shares saw an uptick in trading volume on Thursday . 1,405,278 shares traded hands during trading, an increase of 600% from the previous session’s volume of 200,750 shares.The stock last traded at $5.10 and had previously closed at $5.09.

Yalla Group Stock Up 0.8 %

The firm’s 50 day moving average price is $5.09 and its two-hundred day moving average price is $4.38. The firm has a market capitalization of $800.22 million, a PE ratio of 10.16 and a beta of 1.36.

Yalla Group (NYSE:YALAGet Free Report) last announced its earnings results on Monday, August 14th. The company reported $0.16 earnings per share for the quarter. Yalla Group had a return on equity of 20.06% and a net margin of 29.66%. The company had revenue of $79.25 million during the quarter.

Hedge Funds Weigh In On Yalla Group

A number of institutional investors have recently made changes to their positions in YALA. Joule Financial LLC bought a new stake in shares of Yalla Group in the first quarter worth $48,000. Jane Street Group LLC bought a new position in shares of Yalla Group during the third quarter worth about $50,000. Mercer Global Advisors Inc. ADV acquired a new position in Yalla Group in the third quarter worth about $78,000. Nomura Holdings Inc. acquired a new position in Yalla Group in the third quarter worth about $80,000. Finally, Envestnet Asset Management Inc. increased its holdings in Yalla Group by 18.9% in the first quarter. Envestnet Asset Management Inc. now owns 18,302 shares of the company’s stock valued at $82,000 after buying an additional 2,903 shares during the last quarter. 4.73% of the stock is owned by institutional investors and hedge funds.

Yalla Group Company Profile

(Get Free Report)

Yalla Group Limited operates a social networking and entertainment 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.

Further Reading

Receive News & Ratings for Yalla Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yalla Group and related companies with MarketBeat.com's FREE daily email newsletter.