Fangdd Network Group (NASDAQ:DUO) Shares Down 9.3% – Should You Sell?

Fangdd Network Group Ltd. (NASDAQ:DUO)’s stock price was down 9.3% during trading on Tuesday . The stock traded as low as $0.59 and last traded at $0.60. Approximately 2,788,991 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 3,249,163 shares. The stock had previously closed at $0.66.

Fangdd Network Group Price Performance

The business’s 50 day moving average is $0.63 and its 200 day moving average is $0.79.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fangdd Network Group stock. Virtu Financial LLC bought a new stake in shares of Fangdd Network Group Ltd. (NASDAQ:DUO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 178,452 shares of the company’s stock, valued at approximately $107,000. Virtu Financial LLC owned approximately 3.88% of Fangdd Network Group at the end of the most recent reporting period.

Fangdd Network Group Company Profile

Fangdd Network Group Ltd., an investment holding company, provides real estate information services through online platform in the People's Republic of China. It operates Property Cloud, a software as a service solution for real estate sellers. The company also operates platforms for real estate agents, including Duoduo Sales, which offers real estate agents with instant access to marketplace functionalities and allows them to conduct transactions on the go; Duoduo Cloud Sales, which connects agents to property database and buyer base, allowing them to source, manage, and complete transactions online; and provides online and offline, and project-specific training and guidance services.