Yalla Group Limited (NYSE:YALA – Get Rating) saw strong trading volume on Thursday . 11,487 shares were traded during 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 company has a 50 day moving average of $4.22 and a two-hundred day moving average of $4.52. The stock has a market capitalization of $606.94 million, a PE ratio of 8.74 and a beta of 1.15.
Get Yalla Group alerts:Yalla Group (NYSE:YALA – Get Rating) last announced its earnings results on Monday, August 8th. The company reported $0.12 earnings per share for the quarter. Yalla Group had a return on equity of 23.66% and a net margin of 28.81%. The firm had revenue of $76.09 million for the quarter.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in YALA. Envestnet Asset Management Inc. purchased a new position in Yalla Group during the 4th quarter worth $103,000. SG Americas Securities LLC acquired a new stake in Yalla Group during the 4th quarter worth about $71,000. Raymond James & Associates acquired a new stake in Yalla Group during the 4th quarter worth about $123,000. Sciencast Management LP acquired a new stake in Yalla Group during the 1st quarter worth about $50,000. Finally, XTX Topco Ltd acquired a new stake in Yalla Group during the 1st quarter worth about $119,000. 22.17% of the stock is currently owned by hedge funds and other institutional investors.About Yalla Group
(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.
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