UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) shares traded down 7.7% during mid-day trading on Friday . The stock traded as low as $7.74 and last traded at $7.78. 2,428,778 shares were traded during trading, a decline of 66% from the average session volume of 7,122,158 shares. The stock had previously closed at $8.43.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Citigroup raised shares of UP Fintech from a "sell" rating to a "neutral" rating and boosted their price target for the company from $5.80 to $9.50 in a report on Wednesday, March 19th. Wall Street Zen raised shares of UP Fintech from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Bank of America initiated coverage on shares of UP Fintech in a report on Monday, March 17th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, UP Fintech currently has a consensus rating of "Moderate Buy" and an average price target of $8.83.
Read Our Latest Stock Analysis on TIGR
UP Fintech Stock Down 6.4%
The business's 50-day moving average price is $8.19 and its 200-day moving average price is $7.44. 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 firm has a market capitalization of $1.46 billion, a PE ratio of 39.45 and a beta of 0.70.
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. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The firm had revenue of $122.61 million for the quarter.
Hedge Funds Weigh In On UP Fintech
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new stake in shares of UP Fintech in the fourth quarter valued at approximately $796,000. Jump Financial LLC bought a new stake in shares of UP Fintech in the fourth quarter valued at approximately $2,069,000. Nkcfo LLC bought a new stake in shares of UP Fintech in the fourth quarter valued at approximately $323,000. Quantbot Technologies LP bought a new stake in shares of UP Fintech in the fourth quarter valued at approximately $213,000. Finally, Atria Investments Inc bought a new stake in shares of UP Fintech in the fourth quarter valued at approximately $321,000. Institutional investors and hedge funds own 9.03% of the company's stock.
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.
See Also
Before you consider UP Fintech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UP Fintech wasn't on the list.
While UP Fintech currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
