Yalla Group (NYSE:YALA) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Yalla Group Limited (NYSE:YALA) saw unusually-high trading volume on Monday . Approximately 218,847 shares changed hands during mid-day trading, an increase of 27% from the previous session’s volume of 171,746 shares.The stock last traded at $4.14 and had previously closed at $4.01.

Yalla Group Stock Performance

The company’s 50 day simple moving average is $4.04 and its 200 day simple moving average is $4.18. The stock has a market cap of $637.34 million, a price-to-earnings ratio of 5.51 and a beta of 1.19.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of YALA. QRG Capital Management Inc. boosted its holdings in Yalla Group by 14.7% during the fourth quarter. QRG Capital Management Inc. now owns 23,400 shares of the company’s stock worth $95,000 after buying an additional 2,996 shares in the last quarter. State Street Corp raised its holdings in 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 period. Blue Trust Inc. lifted its stake in Yalla Group by 29.7% during the fourth quarter. Blue Trust Inc. now owns 40,929 shares of the company’s stock valued at $166,000 after buying an additional 9,366 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Yalla Group in the third quarter worth about $53,000. Finally, Jump Financial LLC increased its position in shares of Yalla Group by 36.3% in the fourth quarter. Jump Financial LLC now owns 47,200 shares of the company’s stock worth $192,000 after acquiring an additional 12,571 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.