Fangdd Network Group (NASDAQ:DUO) Shares Climb 2.7% – Should You Buy?

Fangdd Network Group (NASDAQ:DUO) shares were up 2.7% during trading on Monday. The stock traded as high as $0.5575 and last traded at $0.5467. Approximately 17,971 shares were traded during trading, a decline of 56% from the average daily volume of 40,439 shares. The stock had previously closed at $0.5324.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Fangdd Network Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Fangdd Network Group Stock Down 1.6%

The firm’s fifty day simple moving average is $0.57 and its two-hundred day simple moving average is $0.91.

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

About Fangdd Network Group

Fangdd Network Group Limited is a China-based real estate technology company that operates an online platform connecting real estate agents, brokers, property developers, buyers and sellers. Its platform is designed to facilitate the marketing, discovery and transaction of residential properties. The company provides property listing and search tools, transaction-support services and digital solutions intended to help real estate professionals manage customer relationships, listings and deal activity.