UP Fintech (NASDAQ:TIGR) Trading Down 4.3% - Should You Sell?

UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) traded down 4.3% on Wednesday . The stock traded as low as $7.38 and last traded at $7.41. 2,666,546 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 5,076,920 shares. The stock had previously closed at $7.74.

Wall Street Analyst Weigh In

TIGR has been the subject of a number of recent research reports. Citigroup reissued a "sell" rating and set a $5.50 price objective (up from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd. China Renaissance upgraded UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 price objective on the stock in a research note on Thursday, October 24th.

UP Fintech Stock Performance

The company's 50 day simple moving average is $6.50 and its 200 day simple moving average is $5.19. The stock has a market cap of $1.31 billion, a PE ratio of 35.35 and a beta of 0.88. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11.

Institutional Trading of UP Fintech

A number of hedge funds have recently bought and sold shares of the business. Sparta 24 Ltd. grew its stake in UP Fintech by 113.7% in the 3rd quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company's stock valued at $16,811,000 after purchasing an additional 1,675,296 shares during the period. Marshall Wace LLP grew its position in UP Fintech by 52.8% during the second quarter. Marshall Wace LLP now owns 1,112,172 shares of the company's stock valued at $4,671,000 after buying an additional 384,213 shares during the period. State Street Corp increased its holdings in UP Fintech by 4.8% during the third quarter. State Street Corp now owns 742,452 shares of the company's stock worth $3,965,000 after buying an additional 34,186 shares during the last quarter. GSA Capital Partners LLP raised its position in UP Fintech by 10.1% in the third quarter. GSA Capital Partners LLP now owns 675,961 shares of the company's stock worth $3,610,000 after acquiring an additional 62,145 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in UP Fintech by 66.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company's stock worth $1,090,000 after acquiring an additional 81,300 shares during the period. 9.03% of the stock is currently owned by institutional investors.

UP Fintech Company Profile

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.