Yalla Group (NYSE:YALA) Reaches New 52-Week High – Here’s Why

Shares of Yalla Group Limited (NYSE:YALA) reached a new 52-week high during trading on Tuesday . The company traded as high as $4.97 and last traded at $4.95, with a volume of 679361 shares. The stock had previously closed at $4.68.

Yalla Group Trading Up 0.7 %

The business’s 50 day moving average is $4.15 and its 200 day moving average is $4.22. The stock has a market capitalization of $839.49 million, a PE ratio of 7.25 and a beta of 1.19.

Yalla Group (NYSE:YALA) last announced its quarterly earnings data on Monday, March 10th. The company reported $0.18 earnings per share for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. The company had revenue of $90.83 million during the quarter. During the same quarter in the previous year, the business earned $0.17 EPS.

Institutional Investors Weigh In On Yalla Group

Large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in shares of Yalla Group in the 3rd quarter valued at about $53,000. Walleye Capital LLC bought a new position in shares of Yalla Group during the 3rd quarter worth approximately $68,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Yalla Group during the 4th quarter worth approximately $74,000. GAMMA Investing LLC raised its stake in shares of Yalla Group by 150.3% during the 4th quarter. GAMMA Investing LLC now owns 23,248 shares of the company’s stock worth $94,000 after acquiring an additional 13,960 shares in the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Yalla Group by 14.7% during the 4th quarter. QRG Capital Management Inc. now owns 23,400 shares of the company’s stock worth $95,000 after acquiring an additional 2,996 shares in the last quarter. Institutional investors own 4.73% of the company’s stock.

Yalla Group Company Profile

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.