UP Fintech (NASDAQ:TIGR) Sees Strong Trading Volume

Shares of UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 691,448 shares were traded during mid-day trading, a decline of 29% from the previous session's volume of 969,850 shares.The stock last traded at $3.48 and had previously closed at $3.27.

Wall Street Analyst Weigh In

Separately, Citigroup lowered their target price on shares of UP Fintech from $8.01 to $6.22 and set a "buy" rating on the stock in a research report on Thursday, March 21st.

UP Fintech Stock Performance

The stock's 50-day moving average price is $3.75 and its 200 day moving average price is $4.12. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.32. The company has a market cap of $554.19 million, a P/E ratio of 17.75 and a beta of 1.21.

UP Fintech (NASDAQ:TIGR - Get Free Report) last announced its earnings results on Wednesday, March 20th. The company reported ($0.01) EPS for the quarter. UP Fintech had a return on equity of 6.88% and a net margin of 11.95%. The firm had revenue of $69.98 million during the quarter.

Institutional Trading of UP Fintech

Several hedge funds have recently added to or reduced their stakes in TIGR. GAMMA Investing LLC lifted its holdings in shares of UP Fintech by 308.9% during the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company's stock worth $26,000 after buying an additional 5,804 shares during the last quarter. Castleview Partners LLC acquired a new position in UP Fintech during the 3rd quarter valued at $40,000. Asset Management One Co. Ltd. boosted its holdings in UP Fintech by 32.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 14,028 shares of the company's stock valued at $61,000 after purchasing an additional 3,446 shares during the period. Pathstone Family Office LLC acquired a new stake in UP Fintech in the 3rd quarter worth $64,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of UP Fintech during the 3rd quarter worth about $101,000. Institutional investors own 9.03% of the company's stock.

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; and account management services.