Shares of UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 619,698 shares traded hands during mid-day trading, a decline of 38% from the previous session's volume of 1,005,872 shares.The stock last traded at $4.19 and had previously closed at $3.79.
Wall Street Analysts Forecast Growth
Separately, Citigroup cut their target price on UP Fintech from $8.01 to $6.22 and set a "buy" rating for the company in a research report on Thursday, March 21st.
Read Our Latest Report on TIGR
UP Fintech Stock Performance
The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $698.65 million, a P/E ratio of 20.90 and a beta of 1.18. The stock's fifty day moving average price is $3.71 and its two-hundred day moving average price is $4.03.
UP Fintech (NASDAQ:TIGR - Get Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The company reported ($0.01) EPS for the quarter. The business had revenue of $69.98 million for the quarter. UP Fintech had a return on equity of 6.88% and a net margin of 11.95%.
Hedge Funds Weigh In On UP Fintech
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in UP Fintech in the third quarter valued at $2,896,000. Russell Investments Group Ltd. grew its position in UP Fintech by 6,367.8% in the 1st quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company's stock worth $1,560,000 after purchasing an additional 446,572 shares in the last quarter. Walleye Capital LLC bought a new stake in UP Fintech in the 3rd quarter worth about $1,886,000. GSA Capital Partners LLP grew its position in shares of UP Fintech by 19.8% during the 1st quarter. GSA Capital Partners LLP now owns 280,979 shares of the company's stock valued at $967,000 after acquiring an additional 46,394 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in UP Fintech in the third quarter worth $1,071,000. Institutional investors and hedge funds own 9.03% of the company's stock.
UP Fintech Company Profile
(
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; and account management services.
Read More
Before you consider UP Fintech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UP Fintech wasn't on the list.
While UP Fintech currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
