JOYY Inc. (NASDAQ:YY - Get Free Report)'s stock price passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $78.70 and traded as low as $72.06. JOYY shares last traded at $75.41, with a volume of 592,281 shares trading hands.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group upgraded JOYY to a "buy" rating in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $66.00.
Check Out Our Latest Report on JOYY
JOYY Stock Down 4.7%
The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 22.78 and a beta of 0.21. The stock has a fifty day moving average of $78.70 and a 200-day moving average of $68.26.
Institutional Trading of JOYY
Several institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP purchased a new position in shares of JOYY in the 2nd quarter valued at $9,572,000. Public Employees Retirement System of Ohio acquired a new stake in JOYY during the 2nd quarter worth $8,973,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in JOYY in the third quarter valued at $3,893,000. Vise Technologies Inc. acquired a new position in JOYY in the third quarter valued at $311,000. Finally, Pinnacle Holdings LLC acquired a new position in JOYY in the second quarter valued at $32,000. Hedge funds and other institutional investors own 36.83% of the company's stock.
JOYY Company Profile
(
Get Free Report)
JOYY Inc NASDAQ: YY is a global technology company that develops social media, live-streaming, short-form video, instant messaging and online entertainment platforms. The company was formerly known as YY Inc and adopted the JOYY name in 2019 as it expanded its focus beyond its original Chinese live-streaming business.
Its principal products include Bigo Live, a live-streaming platform; Likee, a short-form video and social networking application; imo, an instant messaging and voice and video communication service; and Hago, a social gaming and entertainment platform.
See Also
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