Separately, Zacks Investment Research upgraded shares of Fang from a sell rating to a hold rating and set a $3.25 price target on the stock in a report on Monday, July 1st.
Shares of NYSE:SFUN opened at $2.19 on Tuesday. The firm has a market cap of $194.00 million, a PE ratio of 4.38 and a beta of 1.04. The firm’s fifty day moving average is $1.93 and its 200-day moving average is $1.57. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 1.19. Fang has a 52 week low of $1.46 and a 52 week high of $13.90.
Fang (NYSE:SFUN) last issued its quarterly earnings results on Friday, August 30th. The information services provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). The business had revenue of $67.56 million for the quarter. Fang had a negative return on equity of 2.44% and a negative net margin of 9.92%. Sell-side analysts forecast that Fang will post 0.22 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in SFUN. Jane Street Group LLC acquired a new position in Fang in the second quarter valued at $991,000. Morgan Stanley lifted its holdings in Fang by 10.7% in the second quarter. Morgan Stanley now owns 14,321,729 shares of the information services provider’s stock valued at $8,900,000 after buying an additional 1,385,904 shares during the period. Fosun International Ltd lifted its holdings in Fang by 1.3% in the first quarter. Fosun International Ltd now owns 16,180,848 shares of the information services provider’s stock valued at $21,844,000 after buying an additional 212,329 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Fang by 1,582.8% in the first quarter. BNP Paribas Arbitrage SA now owns 52,957 shares of the information services provider’s stock valued at $71,000 after buying an additional 49,810 shares during the period. Finally, BB&T Securities LLC lifted its holdings in Fang by 22.2% in the second quarter. BB&T Securities LLC now owns 129,988 shares of the information services provider’s stock valued at $80,000 after buying an additional 23,577 shares during the period.
Fang Company Profile
Fang Holdings Limited operates a real estate Internet portal in the People's Republic of China. The company's portal offers listing, marketing, e-commerce, financial, and other value-added services. It supports active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors.
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