UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report)'s stock price traded up 4.6% during mid-day trading on Monday . The company traded as high as $8.08 and last traded at $8.09. 874,391 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 6,955,052 shares. The stock had previously closed at $7.73.
Analyst Upgrades and Downgrades
TIGR has been the topic of several recent analyst reports. Citigroup upgraded shares of UP Fintech from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $5.80 to $9.50 in a report on Wednesday, March 19th. Bank of America began coverage on UP Fintech in a report on Monday, March 17th. They issued a "buy" rating on the stock.
Get Our Latest Stock Analysis on UP Fintech
UP Fintech Stock Performance
The stock has a 50 day simple moving average of $7.72 and a 200 day simple moving average of $7.08. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 44.50 and a beta of 0.65.
UP Fintech (NASDAQ:TIGR - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.06. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The firm had revenue of $124.10 million during the quarter, compared to analysts' expectations of $73.60 million.
Hedge Funds Weigh In On UP Fintech
A number of institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its stake in shares of UP Fintech by 527.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock worth $30,000 after buying an additional 3,901 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of UP Fintech in the 4th quarter worth about $34,000. Deutsche Bank AG acquired a new stake in shares of UP Fintech in the 4th quarter valued at about $38,000. GAMMA Investing LLC lifted its position in shares of UP Fintech by 51.5% during the fourth quarter. GAMMA Investing LLC now owns 9,136 shares of the company's stock worth $59,000 after purchasing an additional 3,105 shares during the last quarter. Finally, Tairen Capital Ltd acquired a new position in UP Fintech in the fourth quarter worth about $68,000. 9.03% of the stock is owned by institutional investors and hedge funds.
About UP Fintech
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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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