UP Fintech (NASDAQ:TIGR - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.
Several other equities analysts have also commented on TIGR. Citigroup upgraded UP Fintech from a "sell" rating to a "neutral" rating and increased their price objective for the company from $5.80 to $9.50 in a research report on Wednesday, March 19th. Bank of America began coverage on shares of UP Fintech in a research report on Monday, March 17th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, UP Fintech presently has a consensus rating of "Moderate Buy" and a consensus price target of $8.83.
View Our Latest Research Report on TIGR
UP Fintech Price Performance
TIGR stock traded up $0.09 during midday trading on Friday, reaching $8.34. The company had a trading volume of 932,538 shares, compared to its average volume of 7,159,829. The firm has a 50-day moving average price of $8.16 and a 200-day moving average price of $7.47. The company has a market capitalization of $1.54 billion, a P/E ratio of 41.53 and a beta of 0.64. UP Fintech has a 1 year low of $3.36 and a 1 year high of $14.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11.
UP Fintech (NASDAQ:TIGR - Get Free Report) last announced its earnings results on Friday, May 30th. The company reported $0.20 earnings per share (EPS) for the quarter. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%. The company had revenue of $122.61 million during the quarter.
Institutional Investors Weigh In On UP Fintech
Several institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its position 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 purchasing an additional 3,901 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of UP Fintech in the fourth quarter worth approximately $34,000. Deutsche Bank AG purchased a new position in shares of UP Fintech in the fourth quarter worth $38,000. Tairen Capital Ltd bought a new stake in UP Fintech during the 4th quarter valued at $68,000. Finally, Bingham Private Wealth LLC purchased a new stake in UP Fintech during the 1st quarter valued at $90,000. 9.03% of the stock is currently owned by hedge funds and other institutional investors.
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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