Fangdd Network Group (NASDAQ:DUO) Trading 15.1% Higher – Should You Buy?

Fangdd Network Group (NASDAQ:DUO)’s stock price traded up 15.1% during mid-day trading on Monday . The company traded as high as $4.33 and last traded at $4.26. 1,541,832 shares traded hands during trading, a decline of 76% from the average session volume of 6,451,797 shares. The stock had previously closed at $3.70.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Fangdd Network Group from a “hold” rating to a “sell” rating in a report on Saturday, August 30th.

Fangdd Network Group Stock Performance

The company has a 50 day moving average price of $2.32 and a 200 day moving average price of $3.22.

Institutional Investors Weigh In On Fangdd Network Group

An institutional investor recently bought a new position in Fangdd Network Group stock. Ground Swell Capital LLC purchased a new stake in shares of Fangdd Network Group (NASDAQ:DUO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,826 shares of the company’s stock, valued at approximately $25,000. Ground Swell Capital LLC owned approximately 0.53% of Fangdd Network Group at the end of the most recent quarter.

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.