Fangdd Network Group (NASDAQ:DUO) Trading Down 10.4% – Here’s What Happened

Shares of Fangdd Network Group (NASDAQ:DUO) fell 10.4% during trading on Friday . The company traded as low as $0.9809 and last traded at $1.0750. 161,265 shares were traded during trading, an increase of 118% from the average session volume of 74,142 shares. The stock had previously closed at $1.20.

Wall Street Analyst Weigh In

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

Fangdd Network Group Trading Down 10.4%

The business’s fifty day moving average is $1.27 and its two-hundred day moving average is $1.45.

Fangdd Network Group (NASDAQ:DUO) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $3,795.34 earnings per share for the quarter. The company had revenue of $11.16 million for the quarter.

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.