UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) shares rose 7% on Friday . The stock traded as high as $10.17 and last traded at $9.83. Approximately 23,441,585 shares were traded during trading, an increase of 1,059% from the average daily volume of 2,021,751 shares. The stock had previously closed at $9.19.
Analyst Upgrades and Downgrades
Separately, Citigroup reduced their price target 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.
Get Our Latest Stock Analysis on TIGR
UP Fintech Stock 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 stock's 50 day moving average price is $4.07 and its two-hundred day moving average price is $4.04. The firm has a market capitalization of $2.07 billion, a PE ratio of 53.87 and a beta of 0.92.
UP Fintech (NASDAQ:TIGR - Get Free Report) last released its 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 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 Trading of UP Fintech
Several hedge funds and other institutional investors have recently bought and sold shares of TIGR. Sparta 24 Ltd. acquired a new stake in UP Fintech in the 2nd quarter worth about $6,186,000. Marshall Wace LLP boosted its holdings 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 during the last quarter. Russell Investments Group Ltd. grew its position in UP Fintech by 6,367.8% during 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 during the period. GSA Capital Partners LLP increased its stake in UP Fintech by 19.8% during the first quarter. GSA Capital Partners LLP now owns 280,979 shares of the company's stock worth $967,000 after acquiring an additional 46,394 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of UP Fintech by 162.7% in the 2nd quarter. Renaissance Technologies LLC now owns 92,441 shares of the company's stock worth $388,000 after purchasing an additional 57,257 shares during the period. 9.03% of the stock is owned by hedge funds and other institutional investors.
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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