Fangdd Network Group (NASDAQ:DUO) Shares Down 1.6% – What’s Next?

Fangdd Network Group (NASDAQ:DUO) traded down 1.6% during trading on Wednesday . The company traded as low as $0.5811 and last traded at $0.59. Approximately 4,023 shares traded hands during trading, a decline of 99% from the average session volume of 310,744 shares. The stock had previously closed at $0.5998.

Wall Street Analyst Weigh In

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

Fangdd Network Group Price Performance

The firm’s 50-day moving average is $0.75 and its 200 day moving average is $1.08.

Fangdd Network Group (NASDAQ:DUO) last released its 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 for the quarter.

About Fangdd Network Group

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.