UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) shot up 7% during mid-day trading on Tuesday . The stock traded as high as $7.24 and last traded at $7.17. 1,327,156 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 4,318,280 shares. The stock had previously closed at $6.70.
Analyst Ratings Changes
TIGR has been the topic of a number of recent research reports. Citigroup restated a "sell" rating and set a $5.50 price objective (up previously from $5.00) on shares of UP Fintech in a research note on Tuesday, October 22nd. China Renaissance raised UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 price target on the stock in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of UP Fintech in a research report on Thursday, January 2nd. They issued a "buy" rating and a $9.40 price objective for the company.
Get Our Latest Stock Report on TIGR
UP Fintech Stock Performance
The company has a 50 day moving average of $6.77 and a 200 day moving average of $5.79. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 38.65 and a beta of 0.86. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30.
Institutional Investors Weigh In On UP Fintech
Several hedge funds and other institutional investors have recently modified their holdings of TIGR. Personal CFO Solutions LLC bought a new position in UP Fintech during the 4th quarter worth approximately $201,000. Atria Investments Inc bought a new stake in shares of UP Fintech during the 4th quarter valued at about $321,000. SBI Securities Co. Ltd. acquired a new position in UP Fintech in the fourth quarter valued at approximately $34,000. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of UP Fintech during the fourth quarter valued at approximately $194,000. Finally, Wrapmanager Inc. bought a new stake in shares of UP Fintech in the 4th quarter worth approximately $140,000. Institutional investors own 9.03% of the company's stock.
UP Fintech Company Profile
(
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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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