Shares of Yalla Group Limited (NYSE:YALA – Get Free Report) dropped 1.7% on Friday . The stock traded as low as $4.62 and last traded at $4.72. Approximately 176,460 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 223,833 shares. The stock had previously closed at $4.80.
Yalla Group Trading Down 2.4 %
The firm has a 50 day simple moving average of $4.08 and a two-hundred day simple moving average of $4.20. The company has a market capitalization of $742.77 million, a PE ratio of 6.42 and a beta of 1.19.
Yalla Group (NYSE:YALA – Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The company reported $0.18 earnings per share (EPS) for the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%. The firm had revenue of $90.83 million during the quarter. During the same period in the prior year, the firm posted $0.17 earnings per share.
Institutional Inflows and Outflows
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.
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