Fangdd Network Group (NASDAQ:DUO) Trading 0.6% Higher – Still a Buy?

Fangdd Network Group (NASDAQ:DUO)’s share price shot up 0.6% on Wednesday . The company traded as high as $0.65 and last traded at $0.6187. 11,802 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 52,562 shares. The stock had previously closed at $0.6150.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Fangdd Network Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Fangdd Network Group Trading Up 0.6%

The stock has a fifty day simple moving average of $0.96 and a two-hundred day simple moving average of $1.18.

Fangdd Network Group (NASDAQ:DUO) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $3,795.34 earnings per share (EPS) for the quarter. The firm had revenue of $11.16 million during the quarter.

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.