Fangdd Network Group (NASDAQ:DUO) Shares Up 0.6% – Here’s Why

Shares of Fangdd Network Group (NASDAQ:DUO) were up 0.6% during mid-day trading on Wednesday . The company traded as high as $0.65 and last traded at $0.6187. 11,802 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 52,562 shares. The stock had previously closed at $0.6150.

Analysts Set New Price Targets

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

Fangdd Network Group Price Performance

The company’s 50-day moving average is $0.96 and its two-hundred day moving average is $1.18.

Fangdd Network Group (NASDAQ:DUO) last announced its 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 for the quarter.

Fangdd Network Group Company Profile

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.