YY Group (NASDAQ:YYGH) Major Shareholder Sells $182,842.32 in 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 completion of the transaction, the insider directly owned 314,389 shares of the company’s stock, valued at $37,726.68. This trade represents a 82.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares 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 555,884 shares of YY Group stock. The stock was bought at an average price of $0.13 per share, for a total transaction of $72,264.92.
• On Tuesday, June 16th, Financial Lp Hrt acquired 1,937,244 shares of YY Group stock. The shares were bought at an average cost of $0.14 per share, for a total transaction of $271,214.16.

YY Group Trading Down 37.7%

Shares of NASDAQ:YYGH opened at $0.08 on Friday. 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 twelve month low of $0.07 and a twelve month high of $172.50. The firm has a 50 day simple moving average of $0.80 and a 200-day simple moving average of $5.87.

Shares of YY Group are set to reverse split 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

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of YY Group to a “sell” rating in a research note on Saturday, April 18th. Weiss Ratings cut YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On YY Group

An institutional investor recently bought a new position in YY Group stock. Jane Street Group LLC purchased a new stake in YY Group Holding Limited (NASDAQ:YYGH) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,089 shares of the company’s stock, valued at approximately $27,000.

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.