Financial Lp Hrt Sells 1,523,686 Shares of YY Group (NASDAQ:YYGH) Stock

YY Group Holding Limited (NASDAQ:YYGH) major shareholder Financial Lp Hrt sold 1,523,686 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $0.12, for a total value of $182,842.32. Following the transaction, the insider owned 314,389 shares of the company’s stock, valued at approximately $37,726.68. This represents a 82.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

YY Group Stock Up 5.4%

Shares of YY Group stock traded up $0.01 during midday trading on Tuesday, reaching $0.13. 154,885,573 shares of the company’s stock traded hands, compared to its average volume of 14,028,229. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a 50 day moving average of $0.86 and a 200-day moving average of $6.14. YY Group Holding Limited has a 12 month low of $0.11 and a 12 month high of $172.50.

Hedge Funds Weigh In On YY Group

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on YYGH shares. Wall Street Zen upgraded YY Group to a “sell” rating in a report on Saturday, April 18th. Weiss Ratings downgraded YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, April 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.