Fang Holdings Ltd (NYSE:SFUN)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $1.89. Fang shares last traded at $1.81, with a volume of 1,720 shares trading hands.
A number of research firms recently weighed in on SFUN. ValuEngine upgraded Fang from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. Zacks Investment Research upgraded Fang from a “sell” rating to a “hold” rating and set a $3.25 price target on the stock in a research note on Monday, July 1st. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Fang currently has an average rating of “Sell” and a consensus target price of $9.20.
The stock has a fifty day simple moving average of $1.61. The stock has a market capitalization of $175.40 million, a PE ratio of 3.86 and a beta of 1.08. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.60.
Fang (NYSE:SFUN) last issued its quarterly earnings data on Monday, June 17th. The information services provider reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $51.89 million for the quarter. Fang had a positive return on equity of 6.08% and a negative net margin of 20.22%. On average, equities research analysts forecast that Fang Holdings Ltd will post 0.22 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. D. E. Shaw & Co. Inc. raised its holdings in shares of Fang by 89.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 900,313 shares of the information services provider’s stock worth $1,287,000 after acquiring an additional 425,529 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Fang by 12.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 961,099 shares of the information services provider’s stock worth $1,374,000 after acquiring an additional 103,272 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Fang in the fourth quarter worth $50,000. Two Sigma Investments LP acquired a new position in shares of Fang in the fourth quarter worth $783,000. Finally, Norges Bank acquired a new position in shares of Fang in the fourth quarter worth $3,104,000.
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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