YY Group (NASDAQ:YYGH) Trading Down 22.8% – Should You Sell?

Shares of YY Group Holding Limited (NASDAQ:YYGH) traded down 22.8% during trading on Tuesday . The stock traded as low as $0.8093 and last traded at $0.8103. 176,239 shares traded hands during trading, a decline of 47% from the average session volume of 333,795 shares. The stock had previously closed at $1.05.

Analyst Ratings Changes

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

YY Group Price Performance

The business has a 50-day moving average of $1.41 and a 200 day moving average of $7.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90.

Hedge Funds Weigh In On YY Group

A hedge fund recently raised its stake in YY Group stock. Virtu Financial LLC boosted its holdings in YY Group Holding Limited (NASDAQ:YYGH) by 213.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 152,956 shares of the company’s stock after purchasing an additional 104,141 shares during the quarter. Virtu Financial LLC owned about 0.27% of YY Group worth $31,000 at the end of the most recent quarter.

About YY Group

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.