YY Group Stock to Reverse Split on Monday, March 23rd (NASDAQ:YYGH)

YY Group Holding Limited (NASDAQ:YYGH)’s stock is going to reverse split before the market opens on Monday, March 23rd. The 1-50 reverse split was announced on Thursday, March 19th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 20th.

YY Group Trading Down 32.1%

YYGH traded down $0.01 during trading hours on Thursday, reaching $0.03. The company’s stock had a trading volume of 106,612,458 shares, compared to its average volume of 20,103,059. YY Group has a fifty-two week low of $0.03 and a fifty-two week high of $3.45. The business’s 50-day moving average is $0.18 and its 200-day moving average is $0.32.

YY Group (NASDAQ:YYGH) last posted its earnings results on Monday, December 29th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $12.88 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of YY Group in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On YY Group

An institutional investor recently raised its position in YY Group stock. Virtu Financial LLC lifted its position in YY Group Holding Limited (NASDAQ:YYGH) by 213.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 152,956 shares of the company’s stock after buying an additional 104,141 shares during the quarter. Virtu Financial LLC owned approximately 0.27% of YY Group worth $31,000 at the end of the most recent reporting period.

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.