Yalla Group (NYSE:YALA) Sees Large Volume Increase – Time to Buy?

Shares of Yalla Group Limited (NYSE:YALA) saw unusually-strong trading volume on Tuesday . Approximately 261,734 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 256,338 shares.The stock last traded at $5.48 and had previously closed at $4.98.

Yalla Group Trading Up 4.1 %

The firm has a market cap of $853.44 million, a price-to-earnings ratio of 7.37 and a beta of 0.96. The stock has a 50-day moving average of $4.57 and a 200-day moving average of $4.35.

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

Institutional Trading of Yalla Group

Several large investors have recently added to or reduced their stakes in YALA. QRG Capital Management Inc. increased its stake in Yalla Group by 14.7% during the 4th quarter. QRG Capital Management Inc. now owns 23,400 shares of the company’s stock valued at $95,000 after buying an additional 2,996 shares during the period. Blue Trust Inc. increased its stake in shares of Yalla Group by 29.7% during the fourth quarter. Blue Trust Inc. now owns 40,929 shares of the company’s stock valued at $166,000 after acquiring an additional 9,366 shares during the period. State Street Corp raised its holdings in Yalla Group by 1.5% during the third quarter. State Street Corp now owns 538,689 shares of the company’s stock worth $2,446,000 after purchasing an additional 7,924 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Yalla Group by 27.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 168,065 shares of the company’s stock worth $682,000 after purchasing an additional 36,166 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Yalla Group by 150.3% in the fourth quarter. GAMMA Investing LLC now owns 23,248 shares of the company’s stock worth $94,000 after purchasing an additional 13,960 shares during the period. 4.73% of the stock is currently 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.