Yalla Group (NYSE:YALA) Shares Gap Down to $4.89

Yalla Group Limited (NYSE:YALA)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $4.89, but opened at $4.75. Yalla Group shares last traded at $4.75, with a volume of 122,148 shares changing hands.

Yalla Group Stock Performance

The firm has a market cap of $770.50 million, a P/E ratio of 6.94 and a beta of 1.21. The business has a 50-day simple moving average of $4.79 and a 200 day simple moving average of $5.27.

Yalla Group (NYSE:YALA) last announced its quarterly earnings data on Monday, May 20th. The company reported $0.17 EPS for the quarter. The business had revenue of $78.73 million during the quarter. Yalla Group had a return on equity of 24.25% and a net margin of 39.64%.

Hedge Funds Weigh In On Yalla Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. grew its position in Yalla Group by 5.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,128 shares of the company’s stock worth $305,000 after purchasing an additional 2,926 shares during the period. Seizert Capital Partners LLC bought a new position in shares of Yalla Group in the third quarter worth approximately $166,000. Jump Financial LLC increased its stake in Yalla Group by 181.6% in the 3rd quarter. Jump Financial LLC now owns 41,700 shares of the company’s stock worth $219,000 after buying an additional 26,890 shares in the last quarter. QRG Capital Management Inc. bought a new stake in Yalla Group during the 3rd quarter valued at approximately $100,000. Finally, Acadian Asset Management LLC purchased a new position in Yalla Group in the 3rd quarter worth approximately $918,000. 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.