UP Fintech (NASDAQ:TIGR) Announces Earnings Results

UP Fintech (NASDAQ:TIGR - Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.20 earnings per share (EPS) for the quarter, RTT News reports. The business had revenue of $122.61 million for the quarter. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%.

UP Fintech Trading Up 3.2%

Shares of UP Fintech stock traded up $0.26 on Monday, hitting $8.37. The stock had a trading volume of 3,905,455 shares, compared to its average volume of 7,177,593. The stock has a 50 day moving average of $8.19 and a 200 day moving average of $7.44. The firm has a market capitalization of $1.55 billion, a P/E ratio of 41.85 and a beta of 0.70. UP Fintech has a twelve month low of $3.36 and a twelve month high of $14.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of UP Fintech from a "hold" rating to a "buy" rating in a research note on Saturday. Bank of America assumed coverage on shares of UP Fintech in a research note on Monday, March 17th. They issued a "buy" rating on the stock. Finally, Citigroup raised shares of UP Fintech from a "sell" rating to a "neutral" rating and increased their price objective for the company from $5.80 to $9.50 in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $8.83.

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.