Fangdd Network Group (NASDAQ:DUO) Trading Down 4.4% – Time to Sell?

Fangdd Network Group (NASDAQ:DUO)’s share price was down 4.4% during trading on Wednesday . The company traded as low as $0.7550 and last traded at $0.7699. Approximately 40,839 shares traded 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.

Analysts Set New Price Targets

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

Fangdd Network Group Trading Down 4.4%

The company’s fifty day moving average is $1.19 and its two-hundred day moving average is $1.31.

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 company had revenue of $11.16 million during 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.