UP Fintech (NASDAQ:TIGR - Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.20 earnings per share for the quarter, RTT News reports. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The business had revenue of $122.61 million during the quarter.
UP Fintech Stock Up 2.4%
NASDAQ TIGR traded up $0.20 on Wednesday, reaching $8.45. The company had a trading volume of 3,102,365 shares, compared to its average volume of 7,167,647. The firm has a market capitalization of $1.56 billion, a PE ratio of 42.25 and a beta of 0.64. The firm has a 50-day moving average of $8.16 and a 200-day moving average of $7.47. UP Fintech has a 1 year low of $3.36 and a 1 year high of $14.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on TIGR shares. Citigroup upgraded UP Fintech from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $5.80 to $9.50 in a research report on Wednesday, March 19th. Wall Street Zen raised shares of UP Fintech from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Bank of America began coverage on shares of UP Fintech in a report on Monday, March 17th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.83.
View Our Latest Report on TIGR
UP Fintech Company Profile
(
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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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