UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $5.78, but opened at $6.12. UP Fintech shares last traded at $6.11, with a volume of 1,054,401 shares changing hands.
Wall Street Analyst Weigh In
A number of equities analysts have commented on TIGR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of UP Fintech in a research report on Thursday, January 2nd. They set a "buy" rating and a $9.40 price objective for the company. Citigroup reaffirmed a "sell" rating and set a $5.50 target price (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd. Finally, China Renaissance raised shares of UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 price target on the stock in a report on Thursday, October 24th.
View Our Latest Research Report on TIGR
UP Fintech Stock Up 6.6 %
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 stock has a fifty day moving average price of $6.42 and a two-hundred day moving average price of $5.47. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 30.80 and a beta of 0.86.
Hedge Funds Weigh In On UP Fintech
Hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC raised its position in shares of UP Fintech by 100.6% in the 2nd quarter. Headlands Technologies LLC now owns 19,954 shares of the company's stock valued at $84,000 after buying an additional 10,006 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of UP Fintech by 162.7% in the 2nd quarter. Renaissance Technologies LLC now owns 92,441 shares of the company's stock valued at $388,000 after purchasing an additional 57,257 shares in the last quarter. Marshall Wace LLP increased its stake in shares of UP Fintech by 52.8% in the 2nd 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 during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of UP Fintech during the 2nd quarter worth $129,000. Finally, GAMMA Investing LLC raised its holdings in shares of UP Fintech by 53.6% during the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company's stock worth $32,000 after buying an additional 2,104 shares in the last quarter. 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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