From MarketBeat:



Sparta 24 Ltd. reduced its stake in Yalla Group Limited by 51.6% in the third quarter, cutting 833,414 shares. A number of other institutional investors and hedge funds also made changes to their positions. Yalla Group Trading was up 0.7% on Wednesday, reaching $5.98. The company reported $0.20 earnings per share for the quarter, with a net margin of 32.88% and a return on equity of 21.30%. The firm has a market capitalization of $932.82 million, a PE ratio of 10.68 and a beta of 1.29. Additionally, TheStreet upgraded shares of Yalla Group from a “d+” rating to a “c+” rating in a research note on Friday, September 29th.

Yalla Group operates a social networking and entertainment platform in the Middle East and North Africa region. It sells virtual items and provides upgrade services. Finally, MarketBeat has identified five stocks that top analysts believe are better buys than Yalla Group.



Read more: Yalla Group Limited (NYSE:YALA) is Sparta 24 Ltd.’s 8th Largest Position