Leju Holdings Ltd (LEJU) Upgraded by ValuEngine to Sell

ValuEngine upgraded shares of Leju Holdings Ltd (NYSE:LEJU) from a strong sell rating to a sell rating in a research report sent to investors on Thursday.

Separately, Zacks Investment Research raised Leju Holdings from a sell rating to a hold rating in a report on Tuesday, January 31st.

Shares of Leju Holdings (NYSE:LEJU) traded down 1.64% during mid-day trading on Thursday, reaching $2.99. The company had a trading volume of 36,556 shares. Leju Holdings has a 52 week low of $2.97 and a 52 week high of $5.47. The stock has a 50 day moving average of $3.21 and a 200-day moving average of $3.73. The company’s market capitalization is $556.14 million.

Leju Holdings (NYSE:LEJU) last released its quarterly earnings results on Monday, March 13th. The financial services provider reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.08. The business had revenue of $104.90 million during the quarter, compared to analyst estimates of $68.72 million. Leju Holdings had a return on equity of 8.85% and a net margin of 4.53%. The business’s revenue for the quarter was down 39.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. On average, analysts expect that Leju Holdings will post $0.13 earnings per share for the current fiscal year.

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An institutional investor recently raised its position in Leju Holdings stock. Renaissance Technologies LLC boosted its position in shares of Leju Holdings Ltd (NYSE:LEJU) by 6.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 331,300 shares of the financial services provider’s stock after buying an additional 21,300 shares during the period. Renaissance Technologies LLC owned approximately 0.18% of Leju Holdings worth $1,136,000 at the end of the most recent reporting period. Institutional investors own 5.42% of the company’s stock.

Leju Holdings Company Profile

Leju Holdings Limited is an online to offline (O2O), real estate services provider in China. The Company offers real estate e-commerce, online advertising and online listing services through its online platform, which consists of local Websites covering over 260 cities and various mobile applications.

12 Month Chart for NYSE:LEJU

To view ValuEngine’s full report, visit ValuEngine’s official website.

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