UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $8.13, but opened at $9.15. UP Fintech shares last traded at $9.82, with a volume of 9,603,242 shares traded.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Bank of America assumed coverage on UP Fintech in a research report on Monday, March 17th. They issued a "buy" rating on the stock. Wall Street Zen raised UP Fintech from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Finally, Citigroup raised 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 report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, UP Fintech has an average rating of "Moderate Buy" and an average price target of $8.83.
Read Our Latest Stock Report on TIGR
UP Fintech Price Performance
The company has a market cap of $1.74 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 0.90 and a beta of 0.64. The company has a fifty day moving average price of $8.62 and a two-hundred day moving average price of $7.79. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.23.
UP Fintech (NASDAQ:TIGR - Get Free Report) last announced its quarterly earnings data on Friday, May 30th. The company reported $0.20 earnings per share for the quarter. UP Fintech had a return on equity of 13.19% and a net margin of 18.11%. The company had revenue of $122.61 million for the quarter.
Institutional Trading of UP Fintech
Several institutional investors have recently modified their holdings of the company. Harbour Capital Advisors LLC acquired a new stake in UP Fintech in the 1st quarter valued at $575,000. Point72 Asset Management L.P. acquired a new stake in UP Fintech in the 4th quarter valued at $796,000. Jump Financial LLC acquired a new stake in UP Fintech in the 4th quarter valued at $2,069,000. Northern Trust Corp boosted its stake in UP Fintech by 53.8% in the 4th quarter. Northern Trust Corp now owns 180,679 shares of the company's stock valued at $1,167,000 after buying an additional 63,232 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in UP Fintech by 908.7% in the 1st quarter. GAMMA Investing LLC now owns 92,154 shares of the company's stock valued at $792,000 after buying an additional 83,018 shares in the last quarter. Institutional investors and hedge funds own 9.03% of the company's stock.
About UP Fintech
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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 services.
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