YY Group (NASDAQ:YYGH) Major Shareholder Buys $174,107.76 in Stock

YY Group Holding Limited (NASDAQ:YYGH) major shareholder Financial Lp Hrt bought 2,176,347 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was purchased at an average price of $0.08 per share, with a total value of $174,107.76. Following the completion of the purchase, the insider directly owned 4,953,317 shares of the company’s stock, valued at approximately $396,265.36. This trade represents a 78.37% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock 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 purchased 18,529 shares of YY Group stock. The shares were purchased at an average cost of $3.90 per share, for a total transaction of $72,263.10.
• On Tuesday, June 16th, Financial Lp Hrt acquired 64,574 shares of YY Group stock. The stock was purchased at an average price of $4.20 per share, for a total transaction of $271,210.80.
• On Friday, June 12th, Financial Lp Hrt sold 50,789 shares of YY Group stock. The shares were sold at an average price of $3.60, for a total transaction of $182,840.40.

YY Group Stock Up 11.8%

Shares of YY Group stock opened at $1.42 on Friday. The business has a 50-day moving average of $19.12 and a 200-day moving average of $160.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. YY Group Holding Limited has a 1-year low of $1.18 and a 1-year high of $5,175.00.

Institutional Investors Weigh In On YY Group

An institutional investor recently bought a new stake 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 SEC. The firm bought 10,089 shares of the company’s stock, valued at approximately $27,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on YYGH shares. Weiss Ratings upgraded YY Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Wall Street Zen raised YY Group to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average 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.