Yalla Group (NYSE:YALA) Sees Strong Trading Volume – Should You Buy?

Yalla Group Limited (NYSE:YALA) shares saw strong trading volume on Monday . 101,375 shares traded hands during mid-day trading, a decline of 23% from the previous session’s volume of 132,418 shares.The stock last traded at $4.20 and had previously closed at $4.18.

Yalla Group Price Performance

The company has a market capitalization of $663.49 million, a P/E ratio of 5.73 and a beta of 1.19. The company has a fifty day moving average price of $4.11 and a 200 day moving average price of $4.16.

Yalla Group (NYSE:YALA) last posted its earnings results on Monday, November 11th. The company reported $0.22 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 company had revenue of $88.92 million for the quarter.

Institutional Trading of Yalla Group

Several hedge funds have recently added to or reduced their stakes in the business. QRG Capital Management Inc. raised its position 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 buying an additional 2,996 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Yalla Group by 29.7% during the fourth quarter. Blue Trust Inc. now owns 40,929 shares of the company’s stock valued at $166,000 after acquiring an additional 9,366 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Yalla Group by 27.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 168,065 shares of the company’s stock worth $682,000 after purchasing an additional 36,166 shares in the last quarter. R Squared Ltd acquired a new stake in Yalla Group in the fourth quarter worth approximately $127,000. Finally, GAMMA Investing LLC boosted its stake in Yalla Group by 150.3% during the 4th quarter. GAMMA Investing LLC now owns 23,248 shares of the company’s stock valued at $94,000 after purchasing an additional 13,960 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.