Fangdd Network Group (NASDAQ:DUO) Shares Up 4.7% – Here’s What Happened

Shares of Fangdd Network Group (NASDAQ:DUO) shot up 4.7% on Friday . The company traded as high as $1.56 and last traded at $1.55. 76,610 shares were traded during mid-day trading, an increase of 24% from the average session volume of 62,030 shares. The stock had previously closed at $1.48.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Fangdd Network Group in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Fangdd Network Group has an average rating of “Sell”.

Fangdd Network Group Stock Performance

The company has a 50 day moving average of $1.20 and a 200 day moving average of $1.56.

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.