Linkhome (NASDAQ:LHAI) Stock Price Down 8.2% – Here’s What Happened

Shares of Linkhome Holdings Inc. (NASDAQ:LHAI – Get Free Report) were down 8.2% during mid-day trading on Thursday . The company traded as low as $0.6524 and last traded at $0.6524. 33,071 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 54,305 shares. The stock had previously closed at $0.7105.

Linkhome Price Performance

The company has a market cap of $11.02 million and a PE ratio of -33.95. The business has a 50-day moving average of $0.95 and a 200 day moving average of $2.85.

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Linkhome (NASDAQ:LHAI – Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. Linkhome had a negative return on equity of 7.17% and a negative net margin of 2.21%.The firm had revenue of $4.91 million during the quarter.

Institutional Trading of Linkhome

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LHAI. FNY Investment Advisers LLC bought a new position in Linkhome in the fourth quarter worth approximately $87,000. Cerity Partners LLC purchased a new stake in shares of Linkhome in the 4th quarter worth $91,000. Citadel Advisors LLC bought a new position in Linkhome in the 3rd quarter worth $120,000. Goldman Sachs Group Inc. bought a new position in Linkhome in the 4th quarter worth $101,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in Linkhome during the fourth quarter valued at $175,000.

About Linkhome

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Linkhome is an artificial intelligence-driven property technology company. By using HomeGPT, a Linkhome-developed real estate artificial intelligence model, combined with financial innovation and in conjunction with our dedicated team of agents, we have made significant and cost-effective improvements to the business model of buying and selling homes. Through our subsidiaries, we operate an artificial intelligence real estate platform with the goal of providing customers with end-to-end real estate solutions and services, initially comprising real estate brokerage services, Cash Offer, and other services like property rental management and home renovation.

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