PropertyGuru Group (NYSE:PGRU) Sees Strong Trading Volume

PropertyGuru Group Limited (NYSE:PGRU) shares saw an uptick in trading volume on Wednesday . 53,746 shares were traded during mid-day trading, an increase of 94% from the previous session’s volume of 27,691 shares.The stock last traded at $5.10 and had previously closed at $5.22.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a “buy” rating and set a $7.00 price objective on shares of PropertyGuru Group in a research report on Wednesday, May 22nd.

PropertyGuru Group Stock Down 1.7 %

The business has a 50-day simple moving average of $4.42 and a two-hundred day simple moving average of $3.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.48 and a quick ratio of 3.48.

PropertyGuru Group (NYSE:PGRU) last posted its quarterly earnings data on Tuesday, May 21st. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $27.24 million for the quarter. PropertyGuru Group had a negative return on equity of 1.12% and a negative net margin of 7.37%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in PropertyGuru Group stock. Leo Wealth LLC bought a new position in shares of PropertyGuru Group Limited (NYSE:PGRU) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $34,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

About PropertyGuru Group

PropertyGuru Group Limited operates digital property classifieds marketplaces that connects homeowners and tenants with verified home service providers in Singapore, Vietnam, Malaysia, Thailand, and Indonesia. The company offers digital and marketing services for developers. It also offers data and sales process automation products.