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, which comprises websites covering 401 cities and various mobile applications. The company also operates various real estate and home furnishing Websites of SINA Corporation (SINA). Its O2O services for new residential properties include selling discount coupons; and facilitating online property viewing, physical property visits, marketing events, and pre-sale customer support, as well as home furnishing business transactions on its platform. In addition, the company sells advertising primarily on the SINA new residential properties and home furnishing websites; and acts as an advertising agent for the SINA home page and non-real estate Websites with respect to advertising sold to real estate developers and home furnishing suppliers. Further, it offers fee-based online property listing services to real estate agents; and services to individual property sellers. The company was incorporated in 2013 and is headquartered in Beijing, the People's Republic of China.
Leju Stock Down 9.1 %
Shares of NYSE:LEJU traded down $0.24 during midday trading on Wednesday, hitting $2.39. The stock had a trading volume of 15,241 shares, compared to its average volume of 38,529. Leju has a fifty-two week low of $1.77 and a fifty-two week high of $19.00. The company's 50-day simple moving average is $2.65 and its 200 day simple moving average is $4.63.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on Leju in a research note on Tuesday. They issued a "buy" rating for the company.