Fang (SFUN) Hits New 1-Year Low at $1.18
Shares of Fang Holdings Ltd (NYSE:SFUN) hit a new 52-week low during trading on Monday . The stock traded as low as $1.18 and last traded at $1.18, with a volume of 1928 shares. The stock had previously closed at $1.21.
Several analysts have commented on the stock. ValuEngine upgraded shares of Fang from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research upgraded shares of Fang from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Finally, Bank of America downgraded shares of Fang from a “neutral” rating to an “underperform” rating and set a $1.51 target price on the stock. in a report on Tuesday, February 19th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company has an average rating of “Sell” and an average price target of $2.24.
The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $535.93 million, a P/E ratio of 11.70 and a beta of 1.32.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Virginia Retirement Systems ET AL acquired a new stake in shares of Fang in the fourth quarter valued at approximately $39,000. Two Sigma Advisers LP acquired a new stake in shares of Fang in the fourth quarter valued at approximately $50,000. Segantii Capital Management Ltd acquired a new stake in shares of Fang in the first quarter valued at approximately $55,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Fang by 81.5% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 43,812 shares of the information services provider’s stock valued at $59,000 after purchasing an additional 19,676 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of 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 purchasing an additional 49,810 shares during the last quarter. Institutional investors own 41.08% of the company’s stock.
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About Fang (NYSE:SFUN)
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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