UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) shares saw an uptick in trading volume on Monday . 7,388,873 shares changed hands during mid-day trading, an increase of 94% from the previous session's volume of 3,810,993 shares.The stock last traded at $8.19 and had previously closed at $8.62.
Wall Street Analysts Forecast Growth
Separately, Citigroup reduced their price objective on UP Fintech from $6.49 to $5.00 and set a "buy" rating on the stock in a research report on Tuesday, September 3rd.
View Our Latest Stock Analysis on TIGR
UP Fintech Price Performance
The company has a debt-to-equity ratio of 0.32, a current ratio of 1.15 and a quick ratio of 1.15. The stock's fifty day moving average is $4.76 and its 200-day moving average is $4.29. The stock has a market cap of $1.22 billion, a PE ratio of 32.57 and a beta of 0.93.
UP Fintech (NASDAQ:TIGR - Get Free Report) last announced 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). UP Fintech had a return on equity of 5.35% and a net margin of 8.59%. The firm had revenue of $87.44 million for the quarter.
Institutional Trading of UP Fintech
Institutional investors and hedge funds have recently bought and sold shares of the stock. Sparta 24 Ltd. purchased a new stake in shares of UP Fintech in the 2nd quarter valued at approximately $6,186,000. Marshall Wace LLP lifted its stake in UP Fintech by 52.8% during the second quarter. Marshall Wace LLP now owns 1,112,172 shares of the company's stock worth $4,671,000 after purchasing an additional 384,213 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of UP Fintech by 6,367.8% during the first quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company's stock worth $1,560,000 after buying an additional 446,572 shares during the period. GSA Capital Partners LLP grew its stake in shares of 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 buying an additional 46,394 shares in 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 valued at $388,000 after buying an additional 57,257 shares during the period. 9.03% of the stock is currently owned by hedge funds and other institutional investors.
UP Fintech Company Profile
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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; and account management services.
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