Yalla Group Limited (NYSE:YALA – Get Free Report) saw an uptick in trading volume on Monday . 302,626 shares were traded during trading, an increase of 20% from the previous session’s volume of 251,745 shares.The stock last traded at $4.03 and had previously closed at $3.95.
Yalla Group Trading Up 1.8 %
The company has a fifty day simple moving average of $4.25 and a two-hundred day simple moving average of $4.63. The company has a market cap of $643.67 million, a PE ratio of 5.80 and a beta of 1.17.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of Yalla Group by 1,104.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,576 shares of the company’s stock valued at $26,000 after purchasing an additional 5,113 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Yalla Group in the 4th quarter valued at about $33,000. Tucker Asset Management LLC acquired a new stake in shares of Yalla Group in the 4th quarter valued at about $44,000. Blue Trust Inc. boosted its position in shares of Yalla Group by 36,378.6% in the 2nd quarter. Blue Trust Inc. now owns 10,214 shares of the company’s stock valued at $49,000 after purchasing an additional 10,186 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of Yalla Group by 12.7% in the 4th quarter. QRG Capital Management Inc. now owns 21,436 shares of the company’s stock valued at $131,000 after purchasing an additional 2,408 shares during the period. 4.73% of the stock is owned by institutional investors and hedge funds.
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.
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