Fangdd Network Group (NASDAQ:DUO) Trading Down 3.5% – Here’s Why

Fangdd Network Group Ltd. (NASDAQ:DUO) shares fell 3.5% during trading on Thursday . The company traded as low as $0.66 and last traded at $0.66. 1,778,887 shares traded hands during trading, a decline of 75% from the average session volume of 7,080,202 shares. The stock had previously closed at $0.69.

Fangdd Network Group Stock Down 1.5 %

The firm has a 50 day simple moving average of $0.86 and a two-hundred day simple moving average of $0.77.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Fangdd Network Group stock. Sassicaia Capital Advisers LLC purchased a new position in shares of Fangdd Network Group Ltd. (NASDAQ:DUO) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,500 shares of the company’s stock, valued at approximately $51,000. Fangdd Network Group comprises about 0.1% of Sassicaia Capital Advisers LLC’s portfolio, making the stock its 17th biggest position. Sassicaia Capital Advisers LLC owned 0.36% of Fangdd Network Group at the end of the most recent reporting period.

Fangdd Network Group Company Profile

Fangdd Network Group Ltd., an investment holding company, provides real estate information services through online platform in the People's Republic of China. It operates Property Cloud, a software as a service solution for real estate sellers. The company also operates platforms for real estate agents, including Duoduo Sales, which offers real estate agents with instant access to marketplace functionalities and allows them to conduct transactions on the go; Duoduo Cloud Sales, which connects agents to property database and buyer base, allowing them to source, manage, and complete transactions online; and provides online and offline, and project-specific training and guidance services.