UP Fintech (NASDAQ:TIGR) Stock Price Down 2.9%

April 13, 2024

41 2 minutes read

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UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report)’s share price was down 2.9% during mid-day trading on Friday . The company traded as low as $3.28 and last traded at $3.29. Approximately 631,430 shares traded hands during trading, a decline of 38% from the average daily volume of 1,019,198 shares. The stock had previously closed at $3.39.

Wall Street Analysts Forecast Growth

Separately, Citigroup reduced their target price on shares of UP Fintech from $8.01 to $6.22 and set a “buy” rating for the company in a research note on Thursday, March 21st.

Get Our Latest Research Report on UP Fintech

UP Fintech Price Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.20. The business’s 50 day simple moving average is $3.87 and its 200-day simple moving average is $4.24. The stock has a market capitalization of $513.60 million, a price-to-earnings ratio of 16.45 and a beta of 1.21.

UP Fintech (NASDAQ:TIGR – Get Free Report) last posted its earnings results on Wednesday, March 20th. The company reported ($0.01) earnings per share (EPS) for the quarter. UP Fintech had a net margin of 11.95% and a return on equity of 6.88%. The firm had revenue of $69.98 million for the quarter.

Institutional Trading of UP Fintech

A number of hedge funds and other institutional investors have recently made changes to their positions in TIGR. GAMMA Investing LLC raised its position in shares of UP Fintech by 308.9% during the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock worth $26,000 after buying an additional 5,804 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of UP Fintech during the 2nd quarter worth about $32,000. UBS Group AG raised its position in shares of UP Fintech by 240.5% during the 3rd quarter. UBS Group AG now owns 6,840 shares of the company’s stock worth $35,000 after buying an additional 4,831 shares in the last quarter. Rhumbline Advisers raised its position in shares of UP Fintech by 215.4% during the 3rd quarter. Rhumbline Advisers now owns 7,412 shares of the company’s stock worth $38,000 after buying an additional 5,062 shares in the last quarter. Finally, Castleview Partners LLC bought a new stake in shares of UP Fintech during the 3rd quarter worth about $40,000. 9.03% of the stock is currently owned by institutional investors.

UP Fintech Company Profile

(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; and account management services.