JOYY (NASDAQ:YY) Stock Crosses Above 200-Day Moving Average – Should You Sell?

JOYY Inc. (NASDAQ:YY)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.84 and traded as high as $44.34. JOYY shares last traded at $43.75, with a volume of 168,725 shares trading hands.

JOYY Stock Up 0.9 %

The firm has a market cap of $2.36 billion, a PE ratio of 13.22 and a beta of 0.28. The company’s fifty day moving average price is $40.75 and its two-hundred day moving average price is $36.84.

JOYY (NASDAQ:YY) last released its quarterly earnings data on Tuesday, November 26th. The information services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.22. JOYY had a net margin of 9.02% and a return on equity of 4.64%. As a group, analysts predict that JOYY Inc. will post 3.37 earnings per share for the current year.

Institutional Trading of JOYY

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in JOYY by 1.3% in the 3rd quarter. Barclays PLC now owns 20,543 shares of the information services provider’s stock valued at $744,000 after purchasing an additional 270 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in JOYY by 12.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,634 shares of the information services provider’s stock valued at $79,000 after purchasing an additional 300 shares during the last quarter. Natixis Advisors LLC raised its position in shares of JOYY by 1.7% during the 3rd quarter. Natixis Advisors LLC now owns 21,208 shares of the information services provider’s stock worth $769,000 after buying an additional 352 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of JOYY by 5.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,751 shares of the information services provider’s stock worth $291,000 after buying an additional 421 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of JOYY by 71.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider’s stock worth $45,000 after buying an additional 447 shares in the last quarter. Hedge funds and other institutional investors own 36.83% of the company’s stock.

About JOYY

JOYY Inc, together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.