PropertyGuru Group (NYSE:PGRU) Sees Unusually-High Trading Volume

PropertyGuru Group Limited (NYSE:PGRU) shares saw unusually-high trading volume on Monday . Approximately 63,812 shares traded hands during mid-day trading, an increase of 125% from the previous session’s volume of 28,406 shares.The stock last traded at $3.75 and had previously closed at $3.75.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a “buy” rating and issued a $7.00 price target on shares of PropertyGuru Group in a report on Monday, March 4th.

PropertyGuru Group Stock Down 0.3 %

The firm has a fifty day simple moving average of $3.62 and a 200 day simple moving average of $3.55. The company has a quick ratio of 3.35, a current ratio of 3.35 and a debt-to-equity ratio of 0.01.

PropertyGuru Group (NYSE:PGRU) last issued its earnings results on Friday, March 1st. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. PropertyGuru Group had a negative return on equity of 1.76% and a negative net margin of 10.21%. The business had revenue of $30.76 million during the quarter. During the same period in the previous year, the company posted ($0.02) earnings per share. As a group, analysts expect that PropertyGuru Group Limited will post -0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PropertyGuru Group

An institutional investor recently bought a new position in PropertyGuru Group stock. Leo Wealth LLC bought a new position in PropertyGuru Group Limited (NYSE:PGRU) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $34,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

PropertyGuru Group Company Profile

PropertyGuru Group Limited operates digital property classifieds marketplaces that connects homeowners and tenants with verified home service providers in Singapore, Vietnam, Malaysia, Thailand, and Indonesia. The company offers digital and marketing services for developers. It also offers data and sales process automation products.