Yalla Group Limited (NYSE:YALA – Get Rating) shares saw unusually-strong trading volume on Thursday . Approximately 11,487 shares traded hands during mid-day trading, a decline of 96% from the previous session's volume of 284,658 shares.The stock last traded at $4.10 and had previously closed at $4.11.
Yalla Group Stock Performance
The business's 50 day moving average price is $4.20 and its two-hundred day moving average price is $4.55. The company has a market capitalization of $603.97 million, a price-to-earnings ratio of 8.74 and a beta of 1.15.
Get Yalla Group alerts:Yalla Group (NYSE:YALA – Get Rating) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.12 earnings per share for the quarter. The company had revenue of $76.09 million during the quarter. Yalla Group had a net margin of 28.81% and a return on equity of 23.66%.
Institutional Trading of Yalla Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in YALA. Sciencast Management LP acquired a new stake in Yalla Group during the first quarter valued at approximately $50,000. SG Americas Securities LLC purchased a new stake in shares of Yalla Group in the 4th quarter valued at approximately $71,000. Exchange Traded Concepts LLC lifted its position in shares of Yalla Group by 16.1% in the 2nd quarter. Exchange Traded Concepts LLC now owns 19,180 shares of the company's stock valued at $75,000 after acquiring an additional 2,660 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Yalla Group by 18.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 18,302 shares of the company's stock valued at $82,000 after acquiring an additional 2,903 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Yalla Group in the 2nd quarter valued at approximately $83,000. 22.17% of the stock is owned by institutional investors and hedge funds.Yalla Group Company Profile
(Get Rating)
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.
See Also
- Get a free copy of the StockNews.com research report on Yalla Group (YALA)
- Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
- BJ's Wholesale Club Pops, Will Costco Be Next?
- Why Blue-Chip Tech Like Cisco Systems Is Rebounding
- Why Micron Stock Could Be About To Breakout
- Which Semiconductor Stocks Are Ready For Big Price Moves?
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.