Fangdd Network Group (NASDAQ:DUO) Trading Down 0.2% – Here’s What Happened

Fangdd Network Group (NASDAQ:DUO)’s stock price fell 0.2% during trading on Thursday . The stock traded as low as $1.15 and last traded at $1.17. 11,075 shares were traded during trading, a decline of 70% from the average session volume of 37,511 shares. The stock had previously closed at $1.1721.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fangdd Network Group in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Fangdd Network Group Stock Performance

The firm’s 50-day simple moving average is $1.15 and its 200-day simple moving average is $1.79.

Fangdd Network Group Company Profile

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.