Yalla Group (NYSE:YALA) Stock Price Down 1.7% – Time to Sell?

Yalla Group Limited (NYSE:YALA) shares fell 1.7% during mid-day trading on Friday . The stock traded as low as $4.62 and last traded at $4.72. 176,460 shares were traded during mid-day trading, a decline of 21% from the average session volume of 223,833 shares. The stock had previously closed at $4.80.

Yalla Group Stock Performance

The business has a fifty day moving average price of $4.07 and a 200 day moving average price of $4.19. The firm has a market capitalization of $740.40 million, a price-to-earnings ratio of 6.40 and a beta of 1.19.

Yalla Group (NYSE:YALA) last issued its quarterly earnings data on Monday, March 10th. The company reported $0.18 EPS for the quarter. The firm had revenue of $90.83 million for the quarter. Yalla Group had a net margin of 40.72% and a return on equity of 21.80%. During the same quarter in the prior year, the firm earned $0.17 EPS.

Institutional Trading of Yalla Group

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new stake in Yalla Group in the fourth quarter valued at about $1,838,000. Marshall Wace LLP bought a new stake in Yalla Group during the fourth quarter valued at $900,000. Millennium Management LLC lifted its position in shares of Yalla Group by 57.9% in the 4th quarter. Millennium Management LLC now owns 585,284 shares of the company’s stock worth $2,376,000 after buying an additional 214,625 shares during the last quarter. Vident Advisory LLC grew its position in shares of Yalla Group by 180.3% during the 4th quarter. Vident Advisory LLC now owns 156,823 shares of the company’s stock valued at $637,000 after buying an additional 100,872 shares during the last quarter. Finally, Walleye Capital LLC raised its stake in Yalla Group by 615.9% during the fourth quarter. Walleye Capital LLC now owns 107,389 shares of the company’s stock worth $436,000 after acquiring an additional 92,389 shares during the period. 4.73% of the stock is owned by institutional investors and hedge funds.

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.