UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $7.65, but opened at $7.45. UP Fintech shares last traded at $7.93, with a volume of 2,078,191 shares trading hands.
Analysts Set New Price Targets
TIGR has been the subject of several analyst reports. China Renaissance upgraded UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 target price for the company in a report on Thursday, October 24th. Citigroup restated a "sell" rating and issued a $5.50 target price (up from $5.00) on shares of UP Fintech in a research note on Tuesday, October 22nd.
Get Our Latest Stock Analysis on UP Fintech
UP Fintech Stock Down 4.2 %
The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 38.25 and a beta of 0.88. The firm's 50 day simple moving average is $6.64 and its 200-day simple moving average is $5.13. 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 Investors Weigh In On UP Fintech
Several institutional investors and hedge funds have recently made changes to their positions in the business. Sparta 24 Ltd. grew its position in 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 purchasing an additional 1,675,296 shares in the last quarter. Marshall Wace LLP raised its stake in UP Fintech by 52.8% in the second quarter. Marshall Wace LLP now owns 1,112,172 shares of the company's stock valued at $4,671,000 after purchasing an additional 384,213 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of UP Fintech during the 3rd quarter worth $539,000. Quadrature Capital Ltd purchased a new stake in shares of UP Fintech in the 3rd quarter valued at $516,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of UP Fintech by 66.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company's stock worth $1,090,000 after buying an additional 81,300 shares during the period. Institutional investors 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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