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

Yalla Group Limited (NYSE:YALA) shares fell 1.7% during mid-day trading on Friday . The company traded as low as $4.62 and last traded at $4.72. 176,460 shares traded hands during 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 Down 2.4 %

The stock’s 50 day moving average is $4.08 and its two-hundred day moving average is $4.20. The company has a market capitalization of $742.77 million, a PE ratio of 6.42 and a beta of 1.19.

Yalla Group (NYSE:YALA) last released its quarterly earnings data on Monday, March 10th. The company reported $0.18 earnings per share 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 company earned $0.17 earnings per share.

Hedge Funds Weigh In On Yalla Group

Large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. increased its holdings in shares of Yalla Group by 14.7% during the fourth quarter. QRG Capital Management Inc. now owns 23,400 shares of the company’s stock valued at $95,000 after acquiring an additional 2,996 shares in the last quarter. 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 worth $166,000 after purchasing an additional 9,366 shares in the last quarter. State Street Corp increased its stake in shares of 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. grew its stake in Yalla Group by 27.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 168,065 shares of the company’s stock valued at $682,000 after acquiring an additional 36,166 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Yalla Group by 150.3% during the 4th quarter. GAMMA Investing LLC now owns 23,248 shares of the company’s stock valued at $94,000 after acquiring an additional 13,960 shares in the last quarter. 4.73% of the stock is currently owned by institutional investors.

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.