UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) shares saw strong trading volume on Friday . 3,606,014 shares changed hands during mid-day trading, a decline of 28% from the previous session's volume of 5,002,255 shares.The stock last traded at $7.28 and had previously closed at $6.97.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on TIGR. China Renaissance upgraded shares of UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 price objective on the stock in a report on Thursday, October 24th. Citigroup restated a "sell" rating and set a $5.50 price target (up from $5.00) on shares of UP Fintech in a research note on Tuesday, October 22nd.
Get Our Latest Analysis on TIGR
UP Fintech Stock Performance
The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average of $6.64 and a 200 day moving average of $5.13. The stock has a market capitalization of $1.41 billion, a P/E ratio of 38.25 and a beta of 0.88.
Hedge Funds Weigh In On UP Fintech
Hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP lifted its position in shares of UP Fintech by 52.8% during the 2nd quarter. Marshall Wace LLP now owns 1,112,172 shares of the company's stock worth $4,671,000 after buying an additional 384,213 shares during the period. Quadrature Capital Ltd bought a new position in shares of UP Fintech during the third quarter valued at $516,000. Sparta 24 Ltd. boosted its stake 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 valued at $16,811,000 after purchasing an additional 1,675,296 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of UP Fintech by 53.6% in the 3rd 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. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of UP Fintech in the 2nd quarter worth about $129,000. 9.03% of the stock is 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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