Fangdd Network Group (NASDAQ:DUO) Trading Down 10.4% – Here’s What Happened
by Amy Steele · The Cerbat GemFangdd Network Group (NASDAQ:DUO – Get Free Report) shares traded down 10.4% during mid-day trading on Friday . The company traded as low as $0.9809 and last traded at $1.0750. 161,265 shares were traded during mid-day trading, an increase of 118% from the average session volume of 74,142 shares. The stock had previously closed at $1.20.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of Fangdd Network Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Fangdd Network Group has an average rating of “Sell”.
Check Out Our Latest Report on Fangdd Network Group
Fangdd Network Group Price Performance
The stock’s 50-day moving average is $1.27 and its 200-day moving average is $1.45.
Fangdd Network Group (NASDAQ:DUO – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $3,795.34 earnings per share (EPS) for the quarter. The company had revenue of $11.16 million during the quarter.
About Fangdd Network Group
Fangdd Network Group Ltd (NASDAQ: DUO) operates an online real estate transaction services platform in China, connecting property developers, brokers and individual homebuyers. The company offers a suite of cloud-based software tools and marketplace solutions designed to streamline property listings, marketing campaigns and customer relationship management for real estate agencies and developers.
Through its SaaS platform, Fangdd delivers tools for multi-channel listing distribution, virtual property tours, lead generation and transaction management.