UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $8.10, but opened at $8.56. UP Fintech shares last traded at $8.33, with a volume of 3,231,748 shares.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft began 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.
Check Out Our Latest Stock Report on UP Fintech
UP Fintech Stock Performance
The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 41.00 and a beta of 0.86. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a 50-day simple moving average of $7.10 and a two-hundred day simple moving average of $6.11.
Hedge Funds Weigh In On UP Fintech
Institutional investors have recently bought and sold shares of the company. Voloridge Investment Management LLC purchased a new position in shares of UP Fintech in the 4th quarter valued at about $321,000. Vident Advisory LLC boosted its stake in shares of UP Fintech by 15.0% in the 4th quarter. Vident Advisory LLC now owns 74,172 shares of the company's stock valued at $479,000 after buying an additional 9,680 shares during the period. Two Sigma Advisers LP boosted its stake in shares of UP Fintech by 841.6% in the 4th quarter. Two Sigma Advisers LP now owns 888,900 shares of the company's stock valued at $5,742,000 after buying an additional 794,500 shares during the period. Two Sigma Investments LP boosted its stake in shares of UP Fintech by 808.5% in the 4th quarter. Two Sigma Investments LP now owns 1,817,787 shares of the company's stock valued at $11,743,000 after buying an additional 1,617,702 shares during the period. Finally, Tairen Capital Ltd purchased a new position in shares of UP Fintech in the 4th quarter valued at about $68,000. 9.03% of the stock is owned by institutional investors and hedge funds.
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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