YY Group (NASDAQ:YYGH) Stock to Reverse Split on Monday, March 23rd

Shares of YY Group Holding Limited (NASDAQ:YYGH) are scheduled to reverse split on Monday, March 23rd. The 1-50 reverse split was announced on Thursday, March 19th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, March 20th.

YY Group Trading Down 32.1%

YYGH traded down $0.01 on Thursday, hitting $0.03. 106,612,458 shares of the company’s stock were exchanged, compared to its average volume of 20,103,059. YY Group has a fifty-two week low of $0.03 and a fifty-two week high of $3.45. The firm has a 50-day moving average price of $0.18 and a 200-day moving average price of $0.32.

YY Group (NASDAQ:YYGH) last issued its earnings results on Monday, December 29th. The company reported ($0.10) EPS for the quarter. The firm had revenue of $12.88 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of YY Group in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, YY Group presently has an average rating of “Sell”.

Institutional Investors Weigh In On YY Group

An institutional investor recently bought a new position in YY Group stock. Jane Street Group LLC bought a new stake in YY Group Holding Limited (NASDAQ:YYGH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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.