UP Fintech (NASDAQ:TIGR) Sees Large Volume Increase

Shares of UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) saw strong trading volume on Tuesday . 725,717 shares changed hands during trading, a decline of 31% from the previous session's volume of 1,046,585 shares.The stock last traded at $4.22 and had previously closed at $4.48.

Analysts Set New Price Targets

Separately, Citigroup dropped their price objective on UP Fintech from $8.01 to $6.22 and set a "buy" rating on the stock in a research note on Thursday, March 21st.

UP Fintech Price Performance

The company has a market cap of $696.97 million, a price-to-earnings ratio of 20.80 and a beta of 1.18. 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's 50 day moving average price is $3.73 and its 200-day moving average price is $4.02.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Walleye Capital LLC acquired a new position in UP Fintech in the 3rd quarter worth approximately $1,886,000. Pathstone Family Office LLC purchased a new stake in shares of UP Fintech in the third quarter worth approximately $64,000. Acadian Asset Management LLC purchased a new position in shares of UP Fintech during the 3rd quarter valued at $2,896,000. Asset Management One Co. Ltd. increased its stake in shares of UP Fintech by 32.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 14,028 shares of the company's stock worth $61,000 after acquiring an additional 3,446 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of UP Fintech during the third quarter worth $187,000. 9.03% of the stock is owned by hedge funds and other 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; and account management services.