UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 7,006,750 shares were traded during mid-day trading, an increase of 48% from the previous session's volume of 4,722,723 shares.The stock last traded at $7.72 and had previously closed at $7.25.
Analysts Set New Price Targets
TIGR has been the topic of a number of recent research reports. China Renaissance raised shares of UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 target price on the stock in a research report on Thursday, October 24th. Citigroup reissued 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on UP Fintech in a research report on Thursday, January 2nd. They set a "buy" rating and a $9.40 target price on the stock.
Get Our Latest Analysis on UP Fintech
UP Fintech Stock Down 3.0 %
The stock's 50 day simple moving average is $6.80 and its 200 day simple moving average is $5.83. The stock has a market capitalization of $1.38 billion, a P/E ratio of 37.25 and a beta of 0.86. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 2,104 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of UP Fintech by 198.6% during the third 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. Sparta 24 Ltd. lifted its position in shares of UP Fintech by 113.7% in the 3rd quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company's stock worth $16,811,000 after buying an additional 1,675,296 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of UP Fintech by 38.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company's stock valued at $84,000 after buying an additional 4,377 shares during the period. Finally, GSA Capital Partners LLP grew its position in shares of UP Fintech by 10.1% during the 3rd quarter. GSA Capital Partners LLP now owns 675,961 shares of the company's stock valued at $3,610,000 after buying an additional 62,145 shares during the last quarter. Institutional investors and hedge funds own 9.03% of the company's stock.
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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