Financial Lp Hrt Purchases 555,884 Shares of YY Group (NASDAQ:YYGH) Stock
by Jessica Moore · The Cerbat GemYY Group Holding Limited (NASDAQ:YYGH – Get Free Report) major shareholder Financial Lp Hrt purchased 555,884 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was bought at an average price of $0.13 per share, for a total transaction of $72,264.92. Following the acquisition, the insider owned 2,776,970 shares in the company, valued at $361,006.10. The trade was a 25.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Tuesday, June 16th, Financial Lp Hrt acquired 1,937,244 shares of YY Group stock. The shares were purchased at an average price of $0.14 per share, with a total value of $271,214.16.
- On Friday, June 12th, Financial Lp Hrt sold 1,523,686 shares of YY Group stock. The stock was sold at an average price of $0.12, for a total value of $182,842.32.
YY Group Stock Down 37.7%
YY Group stock traded down $0.05 during midday trading on Thursday, reaching $0.08. The stock had a trading volume of 78,793,279 shares, compared to its average volume of 15,082,916. YY Group Holding Limited has a twelve month low of $0.07 and a twelve month high of $172.50. 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’s 50-day simple moving average is $0.82 and its 200 day simple moving average is $5.96.
YY Group shares are set to reverse split on the morning of Tuesday, June 23rd. The 1-30 reverse split was announced on Thursday, June 18th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, June 22nd.
Analysts Set New Price Targets
YYGH has been the subject of a number of research reports. Weiss Ratings cut YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, April 27th. Wall Street Zen upgraded shares of YY Group to a “sell” rating in a research note on Saturday, April 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.
View Our Latest Report on YYGH
Institutional Investors Weigh In On YY Group
An institutional investor recently raised its position in YY Group stock. Virtu Financial LLC lifted its stake in shares of YY Group Holding Limited (NASDAQ:YYGH – Free Report) by 213.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 0.27% of YY Group worth $31,000 as of its most recent filing with the SEC.
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.