StockNews.com Upgrades Leju (NYSE:LEJU) to “Buy”

Leju (NYSE:LEJU) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Leju Price Performance

Shares of NYSE:LEJU traded down $0.07 during trading on Monday, hitting $1.89. 121,100 shares of the stock were exchanged, compared to its average volume of 309,024. Leju has a 1-year low of $1.03 and a 1-year high of $9.84. The company’s fifty day simple moving average is $2.22 and its 200-day simple moving average is $1.94.

Institutional Trading of Leju

A hedge fund recently bought a new stake in Leju stock. Two Sigma Securities LLC purchased a new stake in Leju Holdings Limited (NYSE:LEJU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,337 shares of the financial services provider’s stock, valued at approximately $38,000. Two Sigma Securities LLC owned approximately 0.12% of Leju at the end of the most recent reporting period. Institutional investors and hedge funds own 1.05% of the company’s stock.

About Leju

Leju Holdings Limited, through its subsidiaries, provides online to offline (O2O) real estate services in the People's Republic of China. It offers real estate e-commerce, online advertising, and online listing services through its online platform, and various mobile applications. The company also operates various real estate and home furnishing Websites of SINA Corporation (SINA).