Yalla Group Limited (NYSE:YALA - Get Free Report) shares saw strong trading volume on Friday . 279,156 shares were traded during mid-day trading, an increase of 12% from the previous session's volume of 250,013 shares.The stock last traded at $4.20 and had previously closed at $4.23.
The company's 50-day moving average price is $4.31 and its two-hundred day moving average price is $4.37. The company has a market capitalization of $675.38 million, a P/E ratio of 5.79 and a beta of 1.19.
Several institutional investors have recently made changes to their positions in YALA. Acadian Asset Management LLC grew its holdings in shares of Yalla Group by 16.4% during the 2nd quarter. Acadian Asset Management LLC now owns 1,894,487 shares of the company's stock worth $8,592,000 after purchasing an additional 267,399 shares in the last quarter. State Street Corp lifted its position in shares of Yalla Group by 1.5% during the 3rd quarter. State Street Corp now owns 538,689 shares of the company's stock worth $2,446,000 after buying an additional 7,924 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of 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 buying an additional 48,831 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Yalla Group by 81.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 131,899 shares of the company's stock worth $599,000 after buying an additional 59,378 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Yalla Group by 9.0% during the 1st quarter. Russell Investments Group Ltd. now owns 52,028 shares of the company's stock worth $251,000 after buying an additional 4,286 shares during the last quarter. 4.73% of the stock is currently owned by institutional investors.
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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