Yalla Group (NYSE:YALA) Sees Strong Trading Volume

Yalla Group Limited (NYSE:YALA) shares saw an uptick in trading volume on Wednesday . 171,793 shares were traded during trading, a decline of 33% from the previous session’s volume of 257,732 shares.The stock last traded at $4.76 and had previously closed at $4.55.

Yalla Group Stock Up 5.1 %

The stock has a market cap of $757.84 million, a PE ratio of 6.50 and a beta of 1.17. The firm has a fifty day moving average of $4.08 and a 200 day moving average of $4.48.

Yalla Group (NYSE:YALA) last released its quarterly earnings data on Monday, August 12th. The company reported $0.17 EPS for the quarter. The business had revenue of $81.20 million for the quarter. Yalla Group had a return on equity of 22.50% and a net margin of 40.07%.

Institutional Investors Weigh In On Yalla Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its stake in Yalla Group by 44.1% in the first quarter. Acadian Asset Management LLC now owns 1,627,088 shares of the company’s stock valued at $7,800,000 after buying an additional 497,724 shares during the last quarter. Quadrature Capital Ltd raised its position in Yalla Group by 160.7% in the 4th quarter. Quadrature Capital Ltd now owns 269,358 shares of the company’s stock valued at $1,654,000 after purchasing an additional 166,043 shares during the last quarter. GSA Capital Partners LLP raised its position in Yalla Group by 328.4% in the 1st quarter. GSA Capital Partners LLP now owns 150,847 shares of the company’s stock valued at $726,000 after purchasing an additional 115,632 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new stake in Yalla Group during the 1st quarter worth $240,000. Finally, Advisory Services Network LLC purchased a new position in Yalla Group during the 4th quarter worth $205,000. 4.73% of the stock is owned by hedge funds and other institutional investors.

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.