UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) was the target of some unusual options trading on Monday. Stock traders acquired 43,763 call options on the company. Thisrepresentsanincreaseofapproximately52% compared to the average daily volume of 28,750 call options.
UP Fintech Price Performance
Shares of NASDAQ:TIGR traded up $1.24 during trading on Thursday, reaching $12.81. 11,998,632 shares of the company's stock traded hands, compared to its average volume of 6,135,529. UP Fintech has a fifty-two week low of $3.39 and a fifty-two week high of $14.48. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.37 billion, a PE ratio of 19.71, a P/E/G ratio of 0.76 and a beta of 0.60. The company has a 50-day simple moving average of $10.21 and a 200-day simple moving average of $8.86.
UP Fintech (NASDAQ:TIGR - Get Free Report) last posted its earnings results on Friday, May 30th. The company reported $0.20 EPS for the quarter. UP Fintech had a return on equity of 18.68% and a net margin of 24.18%.The firm had revenue of $122.61 million for the quarter.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on TIGR shares. Wall Street Zen lowered UP Fintech from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Citigroup upgraded UP Fintech from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $9.50 to $14.00 in a research note on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $10.33.
View Our Latest Stock Report on TIGR
Institutional Investors Weigh In On UP Fintech
Institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. boosted its holdings in UP Fintech by 22.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 6,382 shares of the company's stock worth $62,000 after buying an additional 1,179 shares during the last quarter. Cetera Investment Advisers boosted its holdings in UP Fintech by 2.8% in the 2nd quarter. Cetera Investment Advisers now owns 50,173 shares of the company's stock worth $484,000 after buying an additional 1,385 shares during the last quarter. GAMMA Investing LLC boosted its holdings in UP Fintech by 17.4% in the 1st quarter. GAMMA Investing LLC now owns 10,728 shares of the company's stock worth $92,000 after buying an additional 1,592 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in UP Fintech by 14.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,517 shares of the company's stock worth $130,000 after buying an additional 1,676 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in UP Fintech by 15.3% in the 2nd quarter. Asset Management One Co. Ltd. now owns 13,749 shares of the company's stock worth $133,000 after buying an additional 1,826 shares during the last quarter. 9.03% of the stock is currently owned by institutional investors and hedge funds.
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
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