UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report)'s stock price dropped 4.4% during mid-day trading on Wednesday . The stock traded as low as $9.82 and last traded at $9.81. Approximately 860,750 shares were traded during trading, a decline of 86% from the average daily volume of 6,088,719 shares. The stock had previously closed at $10.26.
Analyst Ratings Changes
Separately, Wall Street Zen raised UP Fintech from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, UP Fintech has an average rating of "Moderate Buy" and a consensus price target of $8.83.
Read Our Latest Stock Report on TIGR
UP Fintech Stock Up 6.7%
The stock has a fifty day moving average price of $9.08 and a 200-day moving average price of $8.08. The firm has a market cap of $1.95 billion, a PE ratio of 23.51, a PEG ratio of 0.96 and a beta of 0.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.12 and a current ratio of 1.12.
UP Fintech (NASDAQ:TIGR - Get Free Report) last released its quarterly earnings results on Friday, May 30th. The company reported $0.20 earnings per share for the quarter. The firm had revenue of $122.61 million during 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
Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in UP Fintech by 527.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock valued at $30,000 after buying an additional 3,901 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of UP Fintech during the fourth quarter valued at about $38,000. Tairen Capital Ltd bought a new stake in shares of UP Fintech during the fourth quarter valued at about $68,000. Bingham Private Wealth LLC bought a new stake in shares of UP Fintech during the first quarter valued at about $90,000. Finally, GAMMA Investing LLC raised its stake in shares of 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 in the last quarter. 9.03% of the stock is currently owned by institutional investors.
About UP Fintech
(
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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