Douglas Elliman (NYSE:DOUG) Stock Price Up 5.1% - What's Next?

Shares of Douglas Elliman Inc. (NYSE:DOUG - Get Free Report) rose 5.1% on Wednesday . The stock traded as high as $1.95 and last traded at $1.95. Approximately 664,222 shares were traded during trading, a decline of 6% from the average daily volume of 704,311 shares. The stock had previously closed at $1.85.

Douglas Elliman Stock Down 3.9 %

The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.20. The stock has a market cap of $162.73 million, a P/E ratio of -1.77 and a beta of 1.58. The firm has a 50-day simple moving average of $1.79 and a two-hundred day simple moving average of $1.88.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new position in shares of Douglas Elliman in the fourth quarter worth $25,000. Boothbay Fund Management LLC bought a new position in shares of Douglas Elliman in the fourth quarter worth $27,000. Alpine Global Management LLC acquired a new stake in Douglas Elliman in the fourth quarter valued at about $28,000. US Bancorp DE boosted its stake in Douglas Elliman by 36,851.9% in the fourth quarter. US Bancorp DE now owns 19,954 shares of the company's stock valued at $33,000 after buying an additional 19,900 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in Douglas Elliman in the third quarter valued at about $34,000. Institutional investors own 59.56% of the company's stock.

Douglas Elliman Company Profile

Douglas Elliman Inc owns Douglas Elliman Realty, LLC, operating as a residential brokerage company in the United States with operations in New York, Florida, California, Texas, Colorado, Nevada, Massachusetts, Connecticut, Maryland, Virginia and Washington, DC In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets.

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