Shares of Yalla Group Limited Sponsored ADR (NYSE:YALA – Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $5.23 and last traded at $5.2750, with a volume of 267913 shares trading hands. The stock had previously closed at $5.32.
Yalla Group Stock Down 0.8%
The firm has a 50 day simple moving average of $6.31 and a 200-day simple moving average of $6.69. The company has a market cap of $806.86 million, a PE ratio of 6.68 and a beta of 0.46.
Yalla Group (NYSE:YALA – Get Free Report) last announced its earnings results on Saturday, February 14th. The company reported $0.21 EPS for the quarter. Yalla Group had a net margin of 42.03% and a return on equity of 18.03%. The business had revenue of $83.86 million during the quarter.
Institutional Investors Weigh In On Yalla Group
A number of hedge funds and other institutional investors have recently bought and sold shares of YALA. Seizert Capital Partners LLC boosted its stake in Yalla Group by 88.0% in the fourth quarter. Seizert Capital Partners LLC now owns 482,976 shares of the company’s stock valued at $3,352,000 after acquiring an additional 226,139 shares in the last quarter. OLP CAPITAL MANAGEMENT Ltd purchased a new stake in Yalla Group in the third quarter valued at about $2,876,000. QRG Capital Management Inc. raised its stake in Yalla Group by 14.4% in the first quarter. QRG Capital Management Inc. now owns 22,814 shares of the company’s stock valued at $142,000 after buying an additional 2,863 shares during the last quarter. DGS Capital Management LLC boosted its holdings in Yalla Group by 9.0% in the first quarter. DGS Capital Management LLC now owns 56,783 shares of the company’s stock worth $354,000 after acquiring an additional 4,712 shares in the last quarter. Finally, ACT Capital Management LLC acquired a new position in shares of Yalla Group during the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 4.73% of the company’s stock.
About Yalla Group
Yalla Group (NYSE:YALA) operates a voice-centric social networking and entertainment platform designed to connect users through live audio chat rooms, interactive voice channels and mobile gaming. Its core product, the Yalla app, allows participants in the Middle East and North Africa (MENA) region to join real-time voice discussion groups, host audio shows and send virtual gifts. Through the PokerBROS brand, the company offers a mobile-first social poker platform featuring Texas Hold’em, Chinese Poker and other variants, enabling casual and competitive gaming among a growing user base.
Founded in 2016 and incorporated in the Cayman Islands, Yalla Group established its headquarters in Riyadh with additional offices in Dubai and Asia.
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