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Zacks Investment Research covered Fang Holdings Ltd (NYSE:SFUN), upping its target price to $3.25 today

Yesterday Fang Holdings Ltd (NYSE:SFUN) traded 0.35% higher at $2.90. The company’s 50-day moving average is $3.34 and its 200-day moving average is $4.51. The last stock close price is down -35.76% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 9,121,603 shares of SFUN traded hands, up from an average trading volume of 3,450,920

Fang Holdings Ltd (NYSE:SFUN) had its target price raised to $3.25 by Zacks Investment Research in a report released Wednesday November 30, 2016. The new target price indicates a possible upside of 0.12% based on the company's last stock close price.

Recent Performance Chart

Fang Holdings Ltd (NYSE:SFUN)

Fang Holdings Ltd has 52 week low of $2.80 and a 52 week high of $7.52 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 14 brokerages have issued a ratings update on the company. The average stock price target is $7.34 with 2 brokerages rating the stock a strong buy, 9 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Fang Holdings Ltd (NYSE:SFUN)

Fang Holdings Limited, formerly SouFun Holdings Limited, operates as a real estate Internet portal in China. The Company's Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China. The Company, through its Internet platform, is engaged in the development of transaction and financing platforms by offering direct sales services for new homes, online real estate brokerage services and financial services. The Company's service offerings include marketing services, E-commerce services, listing services, Financial services and other value-added services. The Company provides secured loans in the form of entrusted loans and mortgage loans and unsecured loans primarily to home buyers, real estate developers and other borrowers that meet its credit assessment requirements.

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