UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 2,562,413 shares were traded during trading, a decline of 44% from the previous session's volume of 4,574,730 shares.The stock last traded at $6.71 and had previously closed at $6.48.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. China Renaissance upgraded UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 price target on the stock in a research note on Thursday, October 24th. Citigroup reaffirmed a "sell" rating and issued a $5.50 price objective (up from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd.
Check Out Our Latest Research Report on TIGR
UP Fintech Price Performance
The firm has a fifty day moving average price of $5.64 and a two-hundred day moving average price of $4.64. The stock has a market capitalization of $1.20 billion, a P/E ratio of 38.18 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.15.
UP Fintech (NASDAQ:TIGR - Get Free Report) last released its quarterly earnings results on Friday, August 30th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). The firm 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%.
Hedge Funds Weigh In On UP Fintech
Several hedge funds and other institutional investors have recently modified their holdings of TIGR. GAMMA Investing LLC lifted its holdings in shares of UP Fintech by 53.6% during the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company's stock valued at $32,000 after buying an additional 2,104 shares during the period. Headlands Technologies LLC bought a new position in UP Fintech in the 1st quarter worth $34,000. SG Americas Securities LLC bought a new position in UP Fintech in the 2nd quarter worth $78,000. Blue Trust Inc. raised its holdings in UP Fintech by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 14,657 shares of the company's stock worth $78,000 after purchasing an additional 9,748 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in UP Fintech by 38.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company's stock worth $84,000 after purchasing an additional 4,377 shares during the period. 9.03% of the stock is owned by 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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