JOYY (NASDAQ:YY) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of JOYY Inc. (NASDAQ:YY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.84 and traded as high as $44.34. JOYY shares last traded at $43.75, with a volume of 168,725 shares changing hands.

JOYY Trading Up 0.9 %

The stock’s fifty day moving average price is $40.75 and its two-hundred day moving average price is $36.84. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 13.22 and a beta of 0.28.

JOYY (NASDAQ:YY) last announced its quarterly earnings data on Tuesday, November 26th. The information services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.22. JOYY had a net margin of 9.02% and a return on equity of 4.64%. Analysts anticipate that JOYY Inc. will post 3.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JOYY

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB raised its stake in JOYY by 29.3% during the 4th quarter. Handelsbanken Fonder AB now owns 9,700 shares of the information services provider’s stock worth $406,000 after acquiring an additional 2,200 shares in the last quarter. Global Retirement Partners LLC raised its stake in JOYY by 71.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,072 shares of the information services provider’s stock worth $45,000 after acquiring an additional 447 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in JOYY by 8.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 12,500 shares of the information services provider’s stock worth $523,000 after acquiring an additional 1,000 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in JOYY during the 4th quarter worth $501,000. Finally, Rhumbline Advisers raised its stake in JOYY by 63.0% during the 4th quarter. Rhumbline Advisers now owns 1,319 shares of the information services provider’s stock worth $55,000 after acquiring an additional 510 shares in the last quarter. 36.83% of the stock is currently owned by institutional investors and hedge funds.

About JOYY

JOYY Inc, together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.