Yalla Group (NYSE:YALA) Trading Up 10.2% – Still a Buy?

Yalla Group Limited (NYSE:YALA)’s share price was up 10.2% during trading on Thursday . The company traded as high as $4.89 and last traded at $4.87. Approximately 389,178 shares traded hands during mid-day trading, an increase of 102% from the average daily volume of 192,206 shares. The stock had previously closed at $4.42.

Yalla Group Stock Performance

The firm has a market cap of $742.77 million, a P/E ratio of 6.42 and a beta of 1.19. The stock has a fifty day simple moving average of $4.08 and a 200 day simple moving average of $4.19.

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

Institutional Trading of Yalla Group

Several large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its holdings in shares of Yalla Group by 123.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 26,173 shares of the company’s stock worth $106,000 after acquiring an additional 14,483 shares during the period. Vident Advisory LLC grew its holdings in shares of Yalla Group by 180.3% in the fourth quarter. Vident Advisory LLC now owns 156,823 shares of the company’s stock worth $637,000 after acquiring an additional 100,872 shares during the period. Millennium Management LLC grew its holdings in shares of Yalla Group by 57.9% in the fourth quarter. Millennium Management LLC now owns 585,284 shares of the company’s stock worth $2,376,000 after acquiring an additional 214,625 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Yalla Group during the fourth quarter valued at $99,000. Finally, BNP Paribas Financial Markets purchased a new position in Yalla Group during the fourth quarter valued at $1,838,000. 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.