Yalla Group (NYSE:YALA) Sees Unusually-High Trading Volume – Should You Buy?

Yalla Group Limited (NYSE:YALA) shares saw unusually-high trading volume on Monday . Approximately 228,904 shares traded hands during mid-day trading, a decline of 1% from the previous session’s volume of 231,370 shares.The stock last traded at $5.32 and had previously closed at $5.14.

Yalla Group Trading Up 1.1 %

The company has a market cap of $852.96 million, a price-to-earnings ratio of 7.37 and a beta of 1.19. The company’s 50 day moving average price is $4.26 and its 200 day moving average price is $4.25.

Yalla Group (NYSE:YALA) last announced its quarterly earnings data on Monday, March 10th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $90.83 million for 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 prior year, the firm posted $0.17 EPS.

Hedge Funds Weigh In On Yalla Group

A number of institutional investors and hedge funds have recently made changes to their positions in YALA. Public Employees Retirement System of Ohio purchased a new stake in Yalla Group during the third quarter worth about $53,000. Walleye Capital LLC purchased a new stake in shares of Yalla Group during the 3rd quarter worth approximately $68,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Yalla Group in the 4th quarter worth approximately $74,000. GAMMA Investing LLC grew its holdings in shares of Yalla Group by 150.3% in the 4th quarter. GAMMA Investing LLC now owns 23,248 shares of the company’s stock worth $94,000 after acquiring an additional 13,960 shares during the period. Finally, QRG Capital Management Inc. increased its stake in Yalla Group by 14.7% in the 4th quarter. QRG Capital Management Inc. now owns 23,400 shares of the company’s stock valued at $95,000 after purchasing an additional 2,996 shares in the last quarter. 4.73% of the stock is owned by institutional investors and hedge funds.

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.