Financial Lp Hrt Buys 1,937,244 Shares of YY Group (NASDAQ:YYGH) Stock

YY Group Holding Limited (NASDAQ:YYGH) major shareholder Financial Lp Hrt bought 1,937,244 shares of YY Group stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average price of $0.14 per share, with a total value of $271,214.16. Following the completion of the acquisition, the insider owned 2,221,086 shares in the company, valued at approximately $310,952.04. The trade was a 682.51% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, June 17th, Financial Lp Hrt bought 555,884 shares of YY Group stock. The shares were bought at an average cost of $0.13 per share, with a total value of $72,264.92.
• On Friday, June 12th, Financial Lp Hrt sold 1,523,686 shares of YY Group stock. The shares were sold at an average price of $0.12, for a total value of $182,842.32.

YY Group Stock Performance

Shares of YYGH stock opened at $0.08 on Friday. YY Group Holding Limited has a 12 month low of $0.07 and a 12 month high of $172.50. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $0.78 and its two-hundred day moving average is $5.83.

YY Group’s stock is scheduled to reverse split on Tuesday, June 23rd. The 1-30 reverse split was announced on Thursday, June 18th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, June 22nd.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings downgraded shares of YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, April 27th. Wall Street Zen upgraded YY Group to a “sell” rating in a research note on Saturday, April 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, YY Group has an average rating of “Sell”.

Institutional Investors Weigh In On YY Group

A hedge fund recently bought a new position in YY Group stock. Jane Street Group LLC bought a new position in shares of YY Group Holding Limited (NASDAQ:YYGH) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,089 shares of the company’s stock, valued at approximately $27,000.

YY Group Company Profile

YY Group Holding Limited, a data and technology driven company, provides manpower outsourcing and cleaning services in Singapore and Malaysia. Its cleaning services include commercial cleaning for offices and schools; hospitality cleaning for hotels and shopping centers; industrial cleaning, facade cleaning, disinfection, and stewarding services for meetings, incentives, conferences, and exhibitions, as well as banquets; and pest control services. The company also offers cleaning robots and machines to enhance cleaning performance by deploying them at designated premises.