UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $8.32, but opened at $7.90. UP Fintech shares last traded at $8.30, with a volume of 2,804,535 shares traded.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on TIGR shares. Deutsche Bank Aktiengesellschaft started coverage on UP Fintech in a research report on Thursday, January 2nd. They set a "buy" rating and a $9.40 price objective for the company. China Renaissance raised UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 target price for the company in a research note on Thursday, October 24th. Finally, Citigroup reissued a "sell" rating and set a $5.50 target price (up from $5.00) on shares of UP Fintech in a research note on Tuesday, October 22nd.
Check Out Our Latest Analysis on TIGR
UP Fintech Trading Up 4.7 %
The firm has a market capitalization of $1.64 billion, a PE ratio of 44.35 and a beta of 0.86. The business has a 50 day moving average price of $6.98 and a 200-day moving average price of $5.95. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30.
Hedge Funds Weigh In On UP Fintech
A number of large investors have recently modified their holdings of TIGR. Tower Research Capital LLC TRC increased 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 purchasing an additional 3,901 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in UP Fintech in the 4th quarter valued at approximately $34,000. Deutsche Bank AG purchased a new position in UP Fintech in the 4th quarter valued at approximately $38,000. GAMMA Investing LLC increased its stake in UP Fintech by 51.5% in the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company's stock valued at $59,000 after purchasing an additional 3,105 shares in the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new position in UP Fintech in the 4th quarter valued at approximately $91,000. 9.03% of the stock is owned by hedge funds and other 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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