ValuEngine Lowers Leju (NYSE:LEJU) to Hold

ValuEngine downgraded shares of Leju (NYSE:LEJU) from a buy rating to a hold rating in a report issued on Wednesday, ValuEngine reports.

Shares of Leju stock opened at $1.82 on Wednesday. The stock has a 50 day moving average of $1.83 and a 200 day moving average of $1.56. Leju has a 12 month low of $1.05 and a 12 month high of $2.20. The firm has a market cap of $240.29 million, a PE ratio of 59.00 and a beta of 2.48.

Leju (NYSE:LEJU) last announced its quarterly earnings results on Monday, August 19th. The financial services provider reported $0.07 EPS for the quarter. Leju had a return on equity of 1.73% and a net margin of 0.77%. The company had revenue of $169.97 million during the quarter.

An institutional investor recently raised its position in Leju stock. Renaissance Technologies LLC grew its stake in Leju Holdings Ltd (NYSE:LEJU) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,211,931 shares of the financial services provider’s stock after purchasing an additional 27,837 shares during the period. Renaissance Technologies LLC owned approximately 0.89% of Leju worth $1,672,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.10% of the company’s stock.

Leju Company Profile

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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