Fangdd Network Group (NASDAQ:DUO) Shares Down 4.4% – What’s Next?

Fangdd Network Group (NASDAQ:DUO) shares traded down 4.4% during trading on Wednesday . The stock traded as low as $0.7550 and last traded at $0.7699. 40,839 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 400,259 shares. The stock had previously closed at $0.8057.

Analyst Upgrades and Downgrades

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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Fangdd Network Group Price Performance

The company’s 50-day moving average price is $1.18 and its 200-day moving average price is $1.30.

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