UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) shares dropped 6.3% during trading on Friday . The stock traded as low as $5.84 and last traded at $5.85. Approximately 863,315 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 2,761,428 shares. The stock had previously closed at $6.24.
Wall Street Analyst Weigh In
TIGR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on UP Fintech in a report on Thursday, January 2nd. They issued a "buy" rating and a $9.40 target price on the stock. China Renaissance upgraded shares of UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 price objective for the company in a research report on Thursday, October 24th. Finally, Citigroup restated a "sell" rating and issued a $5.50 price objective (up previously from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd.
Read Our Latest Report on TIGR
UP Fintech Stock Down 7.7 %
The firm's 50-day simple moving average is $6.45 and its 200 day simple moving average is $5.44. The company has a market cap of $1.06 billion, a P/E ratio of 28.80 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.
Institutional Trading of UP Fintech
Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its position 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 valued at $32,000 after acquiring an additional 2,104 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of UP Fintech by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 14,657 shares of the company's stock valued at $78,000 after buying an additional 9,748 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of UP Fintech by 38.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company's stock valued at $84,000 after buying an additional 4,377 shares during the period. Headlands Technologies LLC grew its holdings 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 during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of UP Fintech in the 3rd quarter valued at $121,000. 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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