Eye Catching Stock: Leju Holdings Limited (NYSE:LEJU)

Leju Holdings Limited (NYSE:LEJU) stock observed trading -29.79% off 52-week high price. On the other end, the stock has been noted 57.25% away from low price over the last 52-weeks. The stock disclosed a move of -2.51% away from 50 day moving average and -0.52% away from 200 day moving average. Moving closer, we can see that shares have been trading -4.01% off 20-day moving average. It has market cap of $221.3M .

Leju Holdings Limited (NYSE:LEJU) reported its unaudited financial results for the fiscal quarter ended March 31, 2019.

Mr. Geoffrey He, Leju’s Chief Executive Officer said “We’re pleased to announce that Leju delivered strong top line growth in our online advertising and e-commerce businesses in the first quarter”. “The substantial market recovery we have seen so far in 2019 has driven increased developer demand for marketing services. We further solidified our leading position in e-commerce business by increasing the number of our projects significantly in the first quarter, which is a result of our top-down approach strategy and quick response to market changes. Our ‘New Media’ strategy further enhanced Leju’s media influence and laid a solid foundation for sustainable growth in our online advertising business. In addition, we continued to improve operational efficiency and streamline our cost structure following our return to profitability last year. Going forward, we will continue to focus on market expansion, product innovation, and organizational optimization, as we strive to improve profitability.”

First Quarter 2019 Financial Highlights

Total revenues increased by 35% year-on-year to $110.4 million.

– Revenues from e-commerce services increased by 44% year-on-year to $76.8 million.

– Revenues from online advertising services increased by 22% year-on-year to $33.2 million.

Loss from operations was $19.1 million, a decrease of 39% from $31.5 million for the same quarter of 2018.

Non-GAAP loss from operations was $15.3 million, a decrease of 43% from $27.1 million for the same quarter of 2018.

Net loss attributable to Leju Holdings Limited shareholders was $13.5 million, or $0.10 loss per diluted American depositary share (“ADS”), a decrease of 35% from $20.9 million, or $0.15 loss per diluted ADS, for the same quarter of 2018.

Non-GAAP net loss attributable to Leju Holdings Limited shareholders was $10.6 million, or $0.08 loss per diluted ADS, a decrease of 39% from $17.3 million, or $0.13 loss per diluted ADS, for the same quarter of 2018.

The China based company Leju Holdings Limited moved with change of 1.23% to $1.65 with the total traded volume of 2656 shares in recent session versus to an average volume of 29.85K. The stock was observed in the 5 days activity at 2.48%. The one month performance of stock was -4.62%. LEJU’s shares are at -2.94% for the quarter and driving a 36.36% return over the course of the past year and is now at 17.86% since this point in 2018.  Right now the stock beta is 2.61. The average volatility for the week and month was at 3.50% and 4.03% respectively. There are 134.12M shares outstanding and 10M shares are floated in market.

Albert Cuevas

Albert Cuevas also covers the business news across all market sectors for website. He also has an enormous knowledge of stock market. He holds an MBA degree from University of Florida. Albert has more than 10 years of experience in writing financial and market news. He previously worked at a number of companies in different role including web developer, software engineer and product manager. He also covers Business news section for our site. Address: 1036 Stroop Hill Road, ELMER, New Jersey Email: Albert@newscontrol.info

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