UP Fintech (NASDAQ:TIGR) Coverage Initiated by Analysts at Bank of America

Bank of America assumed coverage on shares of UP Fintech (NASDAQ:TIGR - Free Report) in a research note issued to investors on Monday, Marketbeat reports. The brokerage issued a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of UP Fintech in a report on Thursday, January 2nd. They issued a "buy" rating and a $9.40 target price on the stock.

UP Fintech Trading Up 21.6 %

Shares of UP Fintech stock traded up $1.72 on Monday, hitting $9.69. The stock had a trading volume of 30,356,871 shares, compared to its average volume of 6,294,492. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. UP Fintech has a one year low of $3.10 and a one year high of $14.48. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 48.45 and a beta of 0.87. The stock's 50-day simple moving average is $7.27 and its two-hundred day simple moving average is $6.55.

Institutional Trading of UP Fintech

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Voloridge Investment Management LLC purchased a new stake in UP Fintech in the fourth quarter worth $321,000. Vident Advisory LLC lifted its stake in UP Fintech by 15.0% in the fourth quarter. Vident Advisory LLC now owns 74,172 shares of the company's stock worth $479,000 after acquiring an additional 9,680 shares during the period. Two Sigma Advisers LP lifted its stake in UP Fintech by 841.6% in the fourth quarter. Two Sigma Advisers LP now owns 888,900 shares of the company's stock worth $5,742,000 after acquiring an additional 794,500 shares during the period. Two Sigma Investments LP lifted its stake in UP Fintech by 808.5% in the fourth quarter. Two Sigma Investments LP now owns 1,817,787 shares of the company's stock worth $11,743,000 after acquiring an additional 1,617,702 shares during the period. Finally, Tairen Capital Ltd purchased a new stake in UP Fintech in the fourth quarter worth $68,000. Hedge funds and other institutional investors own 9.03% of the company's stock.

Remove Ads

UP Fintech Company Profile

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.