UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $7.31, but opened at $6.93. UP Fintech shares last traded at $6.94, with a volume of 5,091,208 shares.
Wall Street Analysts Forecast Growth
Separately, Citigroup lowered their price objective on shares of UP Fintech from $6.49 to $5.00 and set a "buy" rating for the company in a research report on Tuesday, September 3rd.
Check Out Our Latest Report on TIGR
UP Fintech Stock Performance
The stock has a 50-day moving average price of $4.83 and a 200 day moving average price of $4.32. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 30.74 and a beta of 0.93. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.32.
UP Fintech (NASDAQ:TIGR - Get Free Report) last announced 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). The firm had revenue of $87.44 million during the quarter. UP Fintech had a net margin of 8.59% and a return on equity of 5.35%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in TIGR. GAMMA Investing LLC lifted its stake in UP Fintech by 53.6% during the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company's stock worth $32,000 after purchasing an additional 2,104 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of UP Fintech in the 1st quarter valued at $34,000. Virtu Financial LLC grew its position in shares of UP Fintech by 61.3% in the 1st quarter. Virtu Financial LLC now owns 27,169 shares of the company's stock valued at $93,000 after buying an additional 10,329 shares during the last quarter. SG Americas Securities LLC purchased a new stake in UP Fintech in the second quarter valued at $78,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in UP Fintech in the second quarter valued at $129,000. 9.03% of the stock is owned by institutional investors and hedge funds.
About UP Fintech
(
Get Free Report)
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 services.
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