Shares of UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) saw an uptick in trading volume on Friday . 5,647,435 shares changed hands during mid-day trading, a decline of 10% from the previous session's volume of 6,264,307 shares.The stock last traded at $9.03 and had previously closed at $8.30.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft began coverage on UP Fintech in a report on Thursday, January 2nd. They set a "buy" rating and a $9.40 price target on the stock.
Check Out Our Latest Stock Report on TIGR
UP Fintech Stock Down 13.5 %
The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. The firm's fifty day moving average price is $7.10 and its two-hundred day moving average price is $6.11. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 35.23 and a beta of 0.86.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in TIGR. GAMMA Investing LLC raised its position in shares of UP Fintech by 51.5% during the fourth quarter. GAMMA Investing LLC now owns 9,136 shares of the company's stock worth $59,000 after purchasing an additional 3,105 shares during the period. Tower Research Capital LLC TRC raised its holdings in UP Fintech by 527.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock worth $30,000 after buying an additional 3,901 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of UP Fintech by 5.2% in the third quarter. Geode Capital Management LLC now owns 81,842 shares of the company's stock valued at $437,000 after buying an additional 4,082 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of UP Fintech by 38.5% during the third 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 last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of UP Fintech during the fourth quarter worth about $34,000. Institutional investors own 9.03% of the company's stock.
UP Fintech Company Profile
(
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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