Fintech
UP Fintech (NASDAQ:TIGR) Trading up 5.4%
UP Fintech Holding Limited (NASDAQ:TIGR – Get a free report) rose 5.4% on Friday. The company traded as high as $4.68 and last traded at $4.66. About 831,357 shares traded during midday trading, a decline of 19% from the average daily volume of 1,023,351 shares. The stock had previously closed at $4.42.
Analyst upgrades and downgrades
Separately, Citigroup cut their target price on shares of UP Fintech from $8.01 to $6.22 and set a “buy” rating on the stock in a report on Thursday, March 21.
Check out our latest report on UP Fintech
UP Trading Fintech Up 1.9%
The company has a 50-day moving average price of $3.73 and a 200-day moving average price of $4.03. The company has a market capitalization of $752.97 million, a PE ratio of 22.53, and a beta of 1.18. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32.
UP Fintech (NASDAQ:TIGR – Get a free report) last posted its earnings results on Wednesday, March 20th. The company reported ($0.01) earnings per share for the quarter. UP Fintech posted a return on equity of 6.88% and a net margin of 11.95%. The company posted revenue of $69.98 million for the quarter.
UP Fintech Institutional Trading
Hedge funds have recently increased or reduced their holdings in the sector. Acadian Asset Management LLC acquired a new position in UP Fintech in the third quarter worth $2,896,000. Russell Investments Group Ltd. increased its stake in shares of UP Fintech by 6,367.8% in the first quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock valued at $1,560,000 after purchasing an additional 446,572 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of UP Fintech during the third quarter worth about $1,886,000. GSA Capital Partners LLP increased its position in UP Fintech by 19.8% in the first quarter. GSA Capital Partners LLP now owns 280,979 shares of the company’s stock valued at $967,000 after purchasing an additional 46,394 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in UP Fintech in the third quarter worth about $1,071,000. 9.03% of the stock is owned by institutional investors and hedge funds.
About UP Fintech
UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform that allows investors 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; and account management services.
Further reading
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