Fang (NYSE:SFUN) Share Price Crosses Above 50 Day Moving Average of $1.07

Fang Holdings Ltd (NYSE:SFUN)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.07 and traded as high as $2.68. Fang shares last traded at $2.68, with a volume of 1,932 shares trading hands.

A number of analysts have recently weighed in on the company. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research lowered First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company has a consensus rating of “Sell” and an average target price of $9.20.

The company’s 50 day moving average is $1.10. The company has a market capitalization of $230.32 million, a PE ratio of 5.28 and a beta of 1.02. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.11.

Fang (NYSE:SFUN) last announced its quarterly earnings results on Friday, April 26th. The information services provider reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.75). Fang had a positive return on equity of 6.08% and a negative net margin of 20.22%. The business had revenue of $82.18 million during the quarter. During the same period last year, the firm earned $0.15 earnings per share. Equities analysts forecast that Fang Holdings Ltd will post 0.22 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Fosun International Ltd lifted its stake in Fang by 1.3% in the first quarter. Fosun International Ltd now owns 16,180,848 shares of the information services provider’s stock worth $21,844,000 after acquiring an additional 212,329 shares during the period. Norges Bank purchased a new stake in Fang in the fourth quarter worth $3,104,000. Hillhouse Capital Advisors Ltd. purchased a new stake in Fang in the fourth quarter worth $2,145,000. HRT Financial LLC purchased a new stake in Fang in the fourth quarter worth $1,473,000. Finally, Millennium Management LLC lifted its stake in Fang by 2,801.3% in the fourth quarter. Millennium Management LLC now owns 1,028,690 shares of the information services provider’s stock worth $1,471,000 after acquiring an additional 993,234 shares during the period. 39.00% of the stock is owned by institutional investors.

Fang Company Profile (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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