Leju (NYSE:LEJU) Downgraded by ValuEngine to Hold

ValuEngine lowered shares of Leju (NYSE:LEJU) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

Shares of NYSE:LEJU traded down $0.02 during midday trading on Tuesday, hitting $1.82. 167,274 shares of the company’s stock traded hands, compared to its average volume of 47,814. The firm’s fifty day moving average price is $1.78 and its two-hundred day moving average price is $1.56. Leju has a twelve month low of $1.05 and a twelve month high of $2.10. The company has a market cap of $248.44 million, a PE ratio of 29.67 and a beta of 2.49.

An institutional investor recently raised its position in Leju stock. Renaissance Technologies LLC grew its stake in shares of Leju Holdings Ltd (NYSE:LEJU) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,211,931 shares of the financial services provider’s stock after purchasing an additional 27,837 shares during the quarter. Renaissance Technologies LLC owned 0.89% of Leju worth $1,672,000 at the end of the most recent quarter. 1.19% of the stock is owned by institutional investors and hedge funds.

About Leju

Leju Holdings Limited, through its subsidiaries, provides online to offline (O2O) real estate services in the People's Republic of China. The company offers real estate e-commerce, online advertising, and online listing services through its online platform, which comprises Websites covering 377 cities and various mobile applications for the real estate and home furnishing industries.

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

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