Fangdd Network Group (NASDAQ:DUO) Shares Down 6.1% – Here’s Why

Fangdd Network Group (NASDAQ:DUO) shares were down 6.1% during trading on Monday. The company traded as low as $0.5262 and last traded at $0.5262. Approximately 41,943 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 138,438 shares. The stock had previously closed at $0.5606.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Fangdd Network Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Fangdd Network Group has a consensus rating of “Sell”.

Fangdd Network Group Stock Down 6.1%

The business’s fifty day moving average is $0.61 and its 200-day moving average is $0.85.

Fangdd Network Group (NASDAQ:DUO) last posted its quarterly earnings data on Friday, August 28th. The company reported ($0.07) EPS for the quarter. The firm had revenue of $8.52 million for the quarter.

Fangdd Network Group Company Profile

Fangdd Network Group Limited is a China-based real estate technology company that operates an online platform designed to support property transactions. The company connects real estate agents, property developers and consumers, providing tools for sharing listings, managing customer relationships and facilitating communication throughout the property-buying process.

Its products and services have included mobile applications, online property listings and software tools for real estate professionals.