Leju Holdings Ltd (ADR) (LEJU) was Downgraded by CLSA to ” Sell”. Earlier the firm had a rating of “Underperform ” on the company shares. CLSA advised their investors in a research report released on Aug 26, 2016.
On the company’s financial health, Leju Holdings Ltd (ADR) reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 25, 2016. Analyst had a consensus of $0.10. The company had revenue of $158.30 million for the quarter, compared to analysts expectations of $179.46 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.
Leju Holdings Ltd (ADR) opened for trading at $4.63 and hit $4.71 on the upside on Tuesday, eventually ending the session at $4.63, with a gain of 0.22% or 0.01 points. The heightened volatility saw the trading volume jump to 39,609 shares. Company has a market cap of $626 M.
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 250 cities and various mobile applications. It integrates its online platform with complementary offline services to facilitate residential property transactions. In addition to its own Websites the Company also operates various real estate and home furnishing Websites of SINA Corporation and Baidu Inc.. Its O2O services for new residential properties include selling discount coupons and facilitating online property viewing physical property visits and pre-sale customer support. The Company offers fee-based online property listing services to real estate agents and free services to individual property sellers. The Company’s offline services include physical property visits and a call center.