Fangdd Network Group (NASDAQ:DUO) Stock Price Down 6.1% – Time to Sell?

Fangdd Network Group (NASDAQ:DUO) was down 6.1% on Monday. The company traded as low as $0.5262 and last traded at $0.5262. 41,943 shares were traded during mid-day trading, a decline of 70% from the average session volume of 138,438 shares. The stock had previously closed at $0.5606.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Fangdd Network Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Fangdd Network Group currently has a consensus rating of “Sell”.

Fangdd Network Group Stock Down 1.3%

The business has a fifty day moving average of $0.61 and a 200 day moving average of $0.85.

Fangdd Network Group (NASDAQ:DUO) last posted its earnings results on Friday, August 28th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $8.52 million for the quarter.

Fangdd Network Group Company Profile

Fangdd Network Group Limited is a China-based real estate technology company that operates an online platform designed to support property transactions. The company connects real estate agents, property developers and consumers, providing tools for sharing listings, managing customer relationships and facilitating communication throughout the property-buying process.

Its products and services have included mobile applications, online property listings and software tools for real estate professionals.