Yalla Group (NYSE:YALA) Shares Down 5.5% – Should You Sell?

Yalla Group Limited (NYSE:YALA)’s share price dropped 5.5% during mid-day trading on Friday . The stock traded as low as $7.35 and last traded at $7.33. Approximately 427,954 shares traded hands during trading, a decline of 5% from the average daily volume of 452,746 shares. The stock had previously closed at $7.75.

Yalla Group Stock Performance

The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 9.81 and a beta of 0.88. The company has a 50-day moving average price of $6.48 and a 200-day moving average price of $4.98.

Yalla Group (NYSE:YALA) last posted its earnings results on Monday, May 19th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $83.88 million during the quarter. Yalla Group had a return on equity of 21.80% and a net margin of 40.72%.

Hedge Funds Weigh In On Yalla Group

Several institutional investors have recently modified their holdings of YALA. Virtu Financial LLC bought a new position in shares of Yalla Group during the 1st quarter valued at about $61,000. Dynamic Technology Lab Private Ltd bought a new stake in Yalla Group in the 4th quarter valued at $74,000. QRG Capital Management Inc. lifted its position in Yalla Group by 14.7% in the 4th 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. Cubist Systematic Strategies LLC bought a new stake in Yalla Group in the 4th quarter valued at $99,000. Finally, Public Employees Retirement System of Ohio lifted its position in Yalla Group by 123.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 26,173 shares of the company’s stock valued at $106,000 after acquiring an additional 14,483 shares in the last quarter. Institutional investors 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.