Fangdd Network Group (NASDAQ:DUO) Stock Price Down 2.6% – Should You Sell?

Fangdd Network Group Ltd. (NASDAQ:DUO) shares dropped 2.6% during trading on Tuesday . The company traded as low as $0.22 and last traded at $0.23. Approximately 2,264,065 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 7,592,540 shares. The stock had previously closed at $0.24.

Fangdd Network Group Trading Down 2.6 %

The firm has a fifty day moving average of $0.31 and a 200 day moving average of $0.57.

Hedge Funds Weigh In On Fangdd Network Group

An institutional investor recently bought a new position in Fangdd Network Group stock. Virtu Financial LLC acquired a new stake in Fangdd Network Group Ltd. (NASDAQ:DUO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 178,452 shares of the company’s stock, valued at approximately $107,000. Virtu Financial LLC owned approximately 3.88% of Fangdd Network Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Fangdd Network Group Company Profile

Fangdd Network Group Ltd., an investment holding company, provides real estate information services through online platform in the People's Republic of China. It operates Property Cloud, a software as a service solution for real estate sellers. The company also operates platforms for real estate agents, including Duoduo Sales, which offers real estate agents with instant access to marketplace functionalities and allows them to conduct transactions on the go; Duoduo Cloud Sales, which connects agents to property database and buyer base, allowing them to source, manage, and complete transactions online; and provides online and offline, and project-specific training and guidance services.