Shares of UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) dropped 4.8% during trading on Friday . The stock traded as low as $9.54 and last traded at $9.47. Approximately 1,292,061 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 6,108,271 shares. The stock had previously closed at $9.94.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on TIGR shares. Wall Street Zen upgraded UP Fintech from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. Citigroup raised UP Fintech from a "sell" rating to a "neutral" rating and lifted their price target for the company from $5.80 to $9.50 in a report on Wednesday, March 19th. Finally, Bank of America assumed coverage on shares of UP Fintech in a report on Monday, March 17th. They issued a "buy" rating for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $8.83.
Read Our Latest Stock Report on UP Fintech
UP Fintech Stock Up 2.4%
The business's fifty day simple moving average is $8.62 and its 200 day simple moving average is $7.80. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 0.86 and a beta of 0.65. 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 EPS for the quarter. The business 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%.
Institutional Trading of UP Fintech
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its stake in UP Fintech by 527.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock worth $30,000 after acquiring an additional 3,901 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in UP Fintech in the fourth quarter worth $34,000. Deutsche Bank AG bought a new position in shares of UP Fintech during the fourth quarter worth $38,000. Tairen Capital Ltd acquired a new position in shares of UP Fintech in the 4th quarter valued at $68,000. Finally, Bingham Private Wealth LLC bought a new stake in shares of UP Fintech in the 1st quarter valued at $90,000. 9.03% of the stock is 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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