Yalla Group (NYSE:YALA) Hits New 1-Year Low at $4.27

Yalla Group Limited (NYSE:YALA)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $4.27 and last traded at $4.31, with a volume of 3227 shares. The stock had previously closed at $4.29.

Yalla Group Price Performance

The stock’s fifty day moving average is $4.62 and its 200-day moving average is $4.85. The stock has a market cap of $681.72 million, a PE ratio of 6.13 and a beta of 1.17.

Yalla Group (NYSE:YALA) last announced its quarterly earnings data on Monday, May 20th. The company reported $0.17 earnings per share (EPS) for the quarter. Yalla Group had a net margin of 39.64% and a return on equity of 23.49%. The firm had revenue of $78.73 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of YALA. EverSource Wealth Advisors LLC lifted its position in Yalla Group by 1,104.3% in the first quarter. EverSource Wealth Advisors LLC now owns 5,576 shares of the company’s stock valued at $26,000 after buying an additional 5,113 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Yalla Group by 3,564.8% during the fourth quarter. Blue Trust Inc. now owns 4,691 shares of the company’s stock worth $29,000 after purchasing an additional 4,563 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Yalla Group during the fourth quarter worth about $33,000. Tucker Asset Management LLC acquired a new stake in shares of Yalla Group during the fourth quarter worth about $44,000. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Yalla Group during the fourth quarter worth about $71,000. 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.