YY Group (NASDAQ:YYGH) Trading Up 2% – Here’s Why

YY Group Holding Limited (NASDAQ:YYGH) shares were up 2% during trading on Wednesday . The company traded as high as $0.2022 and last traded at $0.2050. Approximately 1,033,633 shares changed hands during trading, an increase of 137% from the average daily volume of 435,846 shares. The stock had previously closed at $0.2009.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of YY Group in a report on Thursday, October 30th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

YY Group Price Performance

The firm’s fifty day moving average price is $0.26 and its 200 day moving average price is $1.22.

Hedge Funds Weigh In On YY Group

A hedge fund 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 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,089 shares of the company’s stock, valued at approximately $27,000.

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.