UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) shares rose 11.8% on Friday . The stock traded as high as $10.56 and last traded at $11.09. Approximately 1,441,660 shares changed hands during trading, a decline of 81% from the average daily volume of 7,738,650 shares. The stock had previously closed at $9.92.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of UP Fintech from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, UP Fintech has a consensus rating of "Moderate Buy" and an average price target of $8.83.
Check Out Our Latest Report on UP Fintech
UP Fintech Price Performance
The business's 50-day simple moving average is $9.08 and its two-hundred day simple moving average is $8.09. The stock has a market cap of $1.94 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 0.96 and a beta of 0.67. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.23.
UP Fintech (NASDAQ:TIGR - Get Free Report) last issued its quarterly earnings data on Friday, May 30th. The company reported $0.20 EPS for the quarter. The company had revenue of $122.61 million during the quarter. UP Fintech had a net margin of 18.11% and a return on equity of 13.19%.
Hedge Funds Weigh In On UP Fintech
Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in UP Fintech by 17.4% during the first quarter. GAMMA Investing LLC now owns 10,728 shares of the company's stock valued at $92,000 after purchasing an additional 1,592 shares during the last quarter. Invesco Ltd. lifted its position in UP Fintech by 2.2% during the first quarter. Invesco Ltd. now owns 112,646 shares of the company's stock valued at $968,000 after purchasing an additional 2,458 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in UP Fintech by 527.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock valued at $30,000 after purchasing an additional 3,901 shares during the last quarter. Townsquare Capital LLC lifted its position in UP Fintech by 4.5% during the first quarter. Townsquare Capital LLC now owns 94,480 shares of the company's stock valued at $812,000 after purchasing an additional 4,107 shares during the last quarter. Finally, Burns Matteson Capital Management LLC lifted its position in UP Fintech by 29.8% during the first quarter. Burns Matteson Capital Management LLC now owns 18,320 shares of the company's stock valued at $157,000 after purchasing an additional 4,201 shares during the last quarter. Hedge funds and other institutional investors 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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