Yalla Group Limited (NYSE:YALA – Get Free Report) saw strong trading volume on Wednesday . 87,190 shares were traded during trading, a decline of 28% from the previous session’s volume of 121,236 shares.The stock last traded at $3.95 and had previously closed at $4.04.
Yalla Group Stock Down 1.3 %
The stock has a market cap of $616.73 million, a PE ratio of 5.33 and a beta of 1.20. The stock has a 50-day moving average of $4.22 and a 200 day moving average of $4.24.
Institutional Investors Weigh In On Yalla Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in YALA. Robeco Institutional Asset Management B.V. raised its position in Yalla Group by 81.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 131,899 shares of the company’s stock valued at $599,000 after purchasing an additional 59,378 shares during the period. GSA Capital Partners LLP grew its stake in Yalla Group by 19.4% during the 3rd quarter. GSA Capital Partners LLP now owns 300,462 shares of the company’s stock worth $1,364,000 after purchasing an additional 48,831 shares in the last quarter. DGS Capital Management LLC grew its stake in Yalla Group by 109.0% during the 3rd quarter. DGS Capital Management LLC now owns 76,785 shares of the company’s stock worth $349,000 after purchasing an additional 40,050 shares in the last quarter. Blue Trust Inc. grew its stake in Yalla Group by 209.0% during the 3rd quarter. Blue Trust Inc. now owns 31,563 shares of the company’s stock worth $144,000 after purchasing an additional 21,349 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Yalla Group during the 3rd quarter worth about $68,000. Hedge funds and other institutional investors own 4.73% of the company’s stock.
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.
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