FRANKFURT (dpa-AFX) - A downgrade ultimately weighed on Hypoport's shares on Thursday after fluctuations in early trading. Although the financial services provider's shares were still up at times in the morning, the removal of a buy recommendation by Warburg Research had an increasingly negative impact as the day progressed. The shares fell to their lowest level for a month.

In the afternoon, they were one of the biggest losers in the MDax, down 2.6 percent, which gained 0.8 percent at the same time. Even though the share price has already fallen significantly from its high for the year of EUR 348 to EUR 265, Hypoport's shares remain the third-biggest winner in the mid-cap index so far this year. The last time the shares cost more than 350 euros was in April 2022.

There is no positive momentum for the credit, real estate and insurance platform in the short term, analyst Marius Fuhrberg argued in a study on Thursday for the downgrade to "Hold". Hypoport's profitability is likely to have been subdued in the third quarter. In the longer term, however, the company is well positioned. The growth prospects remain promising./tih/ajx/mis