UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) was the target of some unusual options trading on Monday. Traders acquired 35,712 call options on the company. This is an increase of approximately 24% compared to the average daily volume of 28,784 call options.
UP Fintech Price Performance
Shares of TIGR traded up $0.52 during trading hours on Monday, reaching $6.71. 16,361,361 shares of the company's stock traded hands, compared to its average volume of 4,549,380. The stock has a market cap of $1.05 billion, a PE ratio of 39.47 and a beta of 0.93. 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 firm's 50 day simple moving average is $5.38 and its 200-day simple moving average is $4.53. UP Fintech has a 12 month low of $3.10 and a 12 month high of $14.48.
UP Fintech (NASDAQ:TIGR - Get Free Report) last issued its quarterly earnings results on Friday, August 30th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). The business had revenue of $87.44 million for the quarter. UP Fintech had a net margin of 8.59% and a return on equity of 5.35%.
Wall Street Analyst Weigh In
TIGR has been the subject of a number of recent analyst reports. Citigroup reaffirmed a "sell" rating and set a $5.50 target price (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd. China Renaissance raised UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 target price for the company in a report on Thursday.
Read Our Latest Analysis on TIGR
Institutional Trading of UP Fintech
Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in UP Fintech by 53.6% in the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company's stock valued at $32,000 after purchasing an additional 2,104 shares during the last quarter. Blue Trust Inc. lifted its position in UP Fintech by 198.6% in the third quarter. Blue Trust Inc. now owns 14,657 shares of the company's stock valued at $78,000 after purchasing an additional 9,748 shares during the last quarter. Headlands Technologies LLC bought a new stake in UP Fintech in the first quarter valued at approximately $34,000. Virtu Financial LLC lifted its position in UP Fintech by 61.3% in the first quarter. Virtu Financial LLC now owns 27,169 shares of the company's stock valued at $93,000 after purchasing an additional 10,329 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in UP Fintech in the second quarter valued at approximately $78,000. Institutional investors own 9.03% of the company's stock.
UP Fintech Company Profile
(
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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