YY Group (NASDAQ:YYGH) Trading 9% Higher - Here's What Happened

Key Points

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YY Group Holding Limited (NASDAQ:YYGH - Get Free Report)'s stock price shot up 9% during mid-day trading on Monday . The company traded as high as $2.25 and last traded at $2.06. 1,016,347 shares were traded during mid-day trading, an increase of 155% from the average session volume of 399,017 shares. The stock had previously closed at $1.89.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised YY Group to a "hold" rating in a research note on Saturday, July 26th.

YY Group Trading Up 6.8%

The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $2.43 and a two-hundred day moving average price of $1.79.

Hedge Funds Weigh In On YY Group

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