UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $7.22, but opened at $7.05. UP Fintech shares last traded at $7.14, with a volume of 1,500,666 shares.
Analyst Upgrades and Downgrades
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.
Read Our Latest Report on TIGR
UP Fintech Price Performance
The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $5.19 and a two-hundred day moving average price of $4.45. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 43.77 and a beta of 0.93.
UP Fintech (NASDAQ:TIGR - Get Free Report) last released its quarterly earnings results on Friday, August 30th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The firm had revenue of $87.44 million for the quarter. UP Fintech had a return on equity of 5.35% and a net margin of 8.59%.
Institutional Investors Weigh In On UP Fintech
A number of hedge funds have recently made changes to their positions in TIGR. GAMMA Investing LLC grew its holdings in UP Fintech by 53.6% in the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company's stock worth $32,000 after buying an additional 2,104 shares in the last quarter. Blue Trust Inc. lifted its holdings in UP Fintech by 198.6% in the third quarter. Blue Trust Inc. now owns 14,657 shares of the company's stock worth $78,000 after purchasing an additional 9,748 shares during the period. Headlands Technologies LLC bought a new position in UP Fintech in the 1st quarter valued at about $34,000. Virtu Financial LLC increased its stake in UP Fintech by 61.3% during 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 period. Finally, SG Americas Securities LLC bought a new stake in shares of UP Fintech during the 2nd quarter worth about $78,000. Institutional investors own 9.03% of the company's stock.
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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