Shares of UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) saw unusually-high trading volume on Monday . Approximately 2,424,572 shares changed hands during trading, a decline of 46% from the previous session's volume of 4,482,527 shares.The stock last traded at $6.41 and had previously closed at $6.19.
Analyst Ratings Changes
TIGR has been the subject of a number of research reports. China Renaissance raised shares of 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. Citigroup reaffirmed a "sell" rating and set a $5.50 target price (up from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd.
Read Our Latest Research Report on UP Fintech
UP Fintech Trading Up 8.4 %
The firm has a market capitalization of $1.05 billion, a PE ratio of 39.47 and a beta of 0.93. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.32. The stock's fifty day simple moving average is $5.38 and its 200 day simple moving average is $4.53.
UP Fintech (NASDAQ:TIGR - Get Free Report) last announced its quarterly earnings data 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 return on equity of 5.35% and a net margin of 8.59%.
Institutional Trading of UP Fintech
A number of hedge funds and other institutional investors have recently modified their holdings of TIGR. GSA Capital Partners LLP increased 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 worth $967,000 after purchasing an additional 46,394 shares in the last quarter. Headlands Technologies LLC purchased a new position in UP Fintech during the first quarter valued at $34,000. Russell Investments Group Ltd. grew its stake 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 in the last quarter. Virtu Financial LLC grew its stake in UP Fintech by 61.3% during the first quarter. Virtu Financial LLC now owns 27,169 shares of the company's stock valued at $93,000 after acquiring an additional 10,329 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new position in UP Fintech during the first quarter valued at $117,000. 9.03% of the stock is owned by hedge funds and other institutional investors.
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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