Shares of Yalla Group Limited (NYSE:YALA – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 218,847 shares were traded during trading, an increase of 27% from the previous session’s volume of 171,746 shares.The stock last traded at $4.14 and had previously closed at $4.01.
Yalla Group Trading Up 0.2 %
The company’s fifty day moving average is $4.04 and its 200-day moving average is $4.18. The firm has a market capitalization of $637.34 million, a P/E ratio of 5.51 and a beta of 1.19.
Institutional Investors Weigh In On Yalla Group
A number of institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in shares of Yalla Group during the 3rd quarter worth about $53,000. Walleye Capital LLC acquired a new position in Yalla Group in the third quarter worth about $68,000. Dynamic Technology Lab Private Ltd bought a new position in Yalla Group during the fourth quarter worth about $74,000. GAMMA Investing LLC boosted its holdings in Yalla Group by 150.3% during the fourth quarter. GAMMA Investing LLC now owns 23,248 shares of the company’s stock valued at $94,000 after purchasing an additional 13,960 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of 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 during the period. Institutional investors and hedge funds 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.
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