UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $10.42, but opened at $11.00. UP Fintech shares last traded at $10.92, with a volume of 3,106,630 shares trading hands.
Analyst Ratings Changes
TIGR has been the topic of several research analyst reports. Citigroup raised UP Fintech from a "neutral" rating to a "buy" rating and raised their price objective for the company from $9.50 to $14.00 in a report on Tuesday. Wall Street Zen raised shares of UP Fintech from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, UP Fintech currently has an average rating of "Buy" and a consensus price target of $10.33.
Get Our Latest Research Report on UP Fintech
UP Fintech Stock Down 2.2%
The business has a fifty day simple moving average of $9.17 and a two-hundred day simple moving average of $8.19. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.96 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 1.03 and a beta of 0.67.
UP Fintech (NASDAQ:TIGR - Get Free Report) last released its quarterly earnings data on Friday, May 30th. The company reported $0.20 EPS for the quarter. The firm had revenue of $122.61 million for the quarter. UP Fintech had a return on equity of 13.19% and a net margin of 18.11%.
Hedge Funds Weigh In On UP Fintech
Several hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of UP Fintech during the fourth quarter worth about $213,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of UP Fintech during the fourth quarter worth about $457,000. Dorsey Wright & Associates purchased a new stake in UP Fintech in the 4th quarter valued at approximately $2,579,000. Headlands Technologies LLC boosted its stake in shares of UP Fintech by 741.0% in the fourth quarter. Headlands Technologies LLC now owns 61,427 shares of the company's stock valued at $397,000 after buying an additional 54,123 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in UP Fintech by 49.9% during the fourth quarter. Geode Capital Management LLC now owns 122,644 shares of the company's stock worth $792,000 after acquiring an additional 40,802 shares during the period. Hedge funds and other institutional investors own 9.03% of the company's stock.
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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