UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $9.10, but opened at $8.86. UP Fintech shares last traded at $8.67, with a volume of 1,852,021 shares changing hands.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on TIGR shares. Deutsche Bank Aktiengesellschaft initiated coverage on UP Fintech in a report on Thursday, January 2nd. They issued a "buy" rating and a $9.40 price target on the stock. Citigroup upgraded shares of UP Fintech from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $5.80 to $9.50 in a report on Wednesday, March 19th. Finally, Bank of America initiated coverage on shares of UP Fintech in a report on Monday, March 17th. They set a "buy" rating for the company.
View Our Latest Report on TIGR
UP Fintech Trading Down 0.9 %
The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average price of $7.71 and a 200-day moving average price of $6.85. The company has a market cap of $1.59 billion, a P/E ratio of 42.95 and a beta of 0.87.
UP Fintech (NASDAQ:TIGR - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.06. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%. The firm had revenue of $124.10 million during the quarter, compared to analysts' expectations of $73.60 million.
Hedge Funds Weigh In On UP Fintech
Several large investors have recently modified their holdings of TIGR. Tower Research Capital LLC TRC grew its stake in UP Fintech by 527.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock valued at $30,000 after buying an additional 3,901 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of UP Fintech in the fourth quarter valued at approximately $34,000. Deutsche Bank AG acquired a new position in shares of UP Fintech in the fourth quarter valued at approximately $38,000. GAMMA Investing LLC lifted its holdings in UP Fintech by 51.5% during the 4th 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 last quarter. Finally, Tairen Capital Ltd acquired a new stake in UP Fintech during the 4th quarter worth approximately $68,000. 9.03% of the stock is owned by institutional investors.
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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