Yalla Group Limited (NYSE:YALA – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 87,190 shares were traded during mid-day trading, a decline of 28% from the previous session’s volume of 121,236 shares.The stock last traded at $3.95 and had previously closed at $4.04.
Yalla Group Stock Down 1.3 %
The business has a 50 day simple moving average of $4.22 and a 200 day simple moving average of $4.24. The company has a market capitalization of $616.73 million, a PE ratio of 5.33 and a beta of 1.20.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Yalla Group by 145.1% in the third quarter. GAMMA Investing LLC now owns 9,288 shares of the company’s stock worth $42,000 after purchasing an additional 5,498 shares during the last quarter. State Street Corp grew its holdings in Yalla Group by 1.5% in the third quarter. State Street Corp now owns 538,689 shares of the company’s stock valued at $2,446,000 after purchasing an additional 7,924 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Yalla Group in the third quarter worth approximately $53,000. Walleye Capital LLC acquired a new stake in shares of Yalla Group in the third quarter worth approximately $68,000. Finally, Blue Trust Inc. boosted its stake in shares of Yalla Group by 209.0% in the third quarter. Blue Trust Inc. now owns 31,563 shares of the company’s stock worth $144,000 after acquiring an additional 21,349 shares during the last quarter. 4.73% of the stock is currently 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.
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