UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as $13.73 and last traded at $13.73, with a volume of 7563560 shares. The stock had previously closed at $12.39.
Wall Street Analysts Forecast Growth
Separately, Citigroup reduced their price target on shares of UP Fintech from $6.49 to $5.00 and set a "buy" rating on the stock in a research report on Tuesday, September 3rd.
Read Our Latest Analysis on TIGR
UP Fintech Stock Down 3.0 %
The business has a 50-day moving average price of $4.23 and a two-hundred day moving average price of $4.09. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.32. The firm has a market cap of $2.01 billion, a PE ratio of 51.70 and a beta of 0.93.
UP Fintech (NASDAQ:TIGR - Get Free Report) last posted its quarterly earnings data on Friday, August 30th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). UP Fintech had a return on equity of 5.35% and a net margin of 8.59%. The company had revenue of $87.44 million for the quarter.
Hedge Funds Weigh In On UP Fintech
A number of institutional investors and hedge funds have recently modified their holdings of TIGR. Sparta 24 Ltd. acquired a new position in UP Fintech in the second quarter valued at $6,186,000. Russell Investments Group Ltd. boosted its stake in UP Fintech by 6,367.8% in the first quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company's stock valued at $1,560,000 after acquiring an additional 446,572 shares in the last quarter. Marshall Wace LLP boosted its stake in UP Fintech by 52.8% in the second quarter. Marshall Wace LLP now owns 1,112,172 shares of the company's stock valued at $4,671,000 after acquiring an additional 384,213 shares in the last quarter. Renaissance Technologies LLC boosted its stake in UP Fintech by 162.7% in the second quarter. Renaissance Technologies LLC now owns 92,441 shares of the company's stock valued at $388,000 after acquiring an additional 57,257 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in UP Fintech by 19.8% in the first quarter. GSA Capital Partners LLP now owns 280,979 shares of the company's stock valued at $967,000 after acquiring an additional 46,394 shares in the last quarter. Institutional investors and hedge funds own 9.03% of the company's stock.
UP Fintech Company Profile
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UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform; and account management services.
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