YY Group (NASDAQ:YYGH) Major Shareholder Acquires $271,214.16 in Stock

YY Group Holding Limited (NASDAQ:YYGH) major shareholder Financial Lp Hrt acquired 1,937,244 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average price of $0.14 per share, for a total transaction of $271,214.16. Following the completion of the transaction, the insider owned 2,221,086 shares in the company, valued at $310,952.04. The trade was a 682.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 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 bought 555,884 shares of YY Group stock. The shares were purchased at an average cost of $0.13 per share, with a total value of $72,264.92.
• On Friday, June 12th, Financial Lp Hrt sold 1,523,686 shares of YY Group stock. The shares were sold at an average price of $0.12, for a total transaction of $182,842.32.

YY Group Stock Performance

NASDAQ YYGH opened at $0.08 on Friday. The company has a 50-day moving average price of $0.78 and a two-hundred day moving average price of $5.83. YY Group Holding Limited has a 52 week low of $0.07 and a 52 week high of $172.50. 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 shares are going to reverse split before the market opens on 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.

Analyst Upgrades and Downgrades

YYGH has been the topic of several analyst reports. Weiss Ratings cut YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, April 27th. Wall Street Zen upgraded YY Group to a “sell” rating in a research report on Saturday, April 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Trading of YY Group

An institutional investor recently raised its position in YY Group stock. Virtu Financial LLC increased its stake in YY Group Holding Limited (NASDAQ:YYGH) by 213.3% in the 4th quarter, according to its most recent Form 13F filing 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 period. 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.