UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 6,070,661 shares changed hands during trading, an increase of 43% from the previous session's volume of 4,248,678 shares.The stock last traded at $7.05 and had previously closed at $7.44.
Wall Street Analysts Forecast Growth
Separately, Citigroup reissued a "sell" rating and issued a $5.50 price objective (up previously from $5.00) on shares of UP Fintech in a report on Tuesday.
View Our Latest Research Report on TIGR
UP Fintech Price Performance
The stock has a market capitalization of $1.08 billion, a PE ratio of 28.04 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 has a 50 day moving average price of $5.19 and a 200 day moving average price of $4.45.
UP Fintech (NASDAQ:TIGR - Get Free Report) last issued its quarterly earnings results on Friday, August 30th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). The company had revenue of $87.44 million during the quarter. UP Fintech had a return on equity of 5.35% and a net margin of 8.59%.
Institutional Trading of UP Fintech
Institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP grew its position in shares of 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. raised 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 valued at $1,560,000 after buying an additional 446,572 shares during the last quarter. Virtu Financial LLC lifted its holdings in shares of UP Fintech by 61.3% in the first quarter. Virtu Financial LLC now owns 27,169 shares of the company's stock worth $93,000 after buying an additional 10,329 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of 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 acquiring an additional 2,104 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of UP Fintech during the second quarter worth $129,000. 9.03% of the stock is currently owned by 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 services.
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