Fangdd Network Group (NASDAQ:DUO) Trading Down 5.7% – What’s Next?

Fangdd Network Group (NASDAQ:DUOGet Free Report)’s share price dropped 5.7% during mid-day trading on Tuesday . The company traded as low as $1.56 and last traded at $1.5750. Approximately 54,791 shares traded hands during trading, a decline of 17% from the average daily volume of 65,671 shares. The stock had previously closed at $1.67.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fangdd Network Group in a research note on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Get Our Latest Stock Report on Fangdd Network Group

Fangdd Network Group Price Performance

The company’s fifty day simple moving average is $1.76 and its two-hundred day simple moving average is $2.24. The stock has a market cap of $3.53 million, a price-to-earnings ratio of -0.01 and a beta of 2.96.

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:DUOFree Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,826 shares of the company’s stock, valued at approximately $25,000. Ground Swell Capital LLC owned about 0.53% of Fangdd Network Group as of its most recent filing with the SEC.

Fangdd Network Group Company Profile

(Get Free Report)

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.

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