Fangdd Network Group (NASDAQ:DUO) Trading Down 3.4% – Here’s Why

Shares of Fangdd Network Group (NASDAQ:DUO) dropped 3.4% during mid-day trading on Tuesday . The company traded as low as $3.02 and last traded at $3.08. Approximately 461,244 shares were traded during trading, a decline of 53% from the average daily volume of 984,757 shares. The stock had previously closed at $3.19.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DUO shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Fangdd Network Group in a research note on Tuesday. Wall Street Zen downgraded Fangdd Network Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Fangdd Network Group Trading Down 3.4%

The business has a 50-day moving average price of $2.76 and a 200-day moving average price of $2.97.

Institutional Inflows and Outflows

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 & Exchange Commission. The fund purchased 11,826 shares of the company’s stock, valued at approximately $25,000. Ground Swell Capital LLC owned 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.