UP Fintech (NASDAQ:TIGR) Trading Up 5.4%

May 19, 2024

44 2 minutes read

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UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report) rose 5.4% on Friday . The company traded as high as $4.68 and last traded at $4.66. Approximately 831,357 shares were traded during mid-day 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 21st.

Check Out Our Latest Report on UP Fintech

UP Fintech Trading Up 1.9 %

The business has a 50 day moving average price of $3.73 and a 200-day moving average price of $4.03. The firm 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 Free Report) last issued its earnings results on Wednesday, March 20th. The company reported ($0.01) earnings per share for the quarter. UP Fintech had a return on equity of 6.88% and a net margin of 11.95%. The company had revenue of $69.98 million for the quarter.

Institutional Trading of UP Fintech

Hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new position in UP Fintech in the third quarter valued at $2,896,000. Russell Investments Group Ltd. lifted its stake in shares of UP Fintech by 6,367.8% in the 1st 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 3rd quarter worth about $1,886,000. GSA Capital Partners LLP increased its position in UP Fintech by 19.8% during the 1st quarter. GSA Capital Partners LLP now owns 280,979 shares of the company’s stock worth $967,000 after purchasing an additional 46,394 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in UP Fintech in the third quarter valued at approximately $1,071,000. 9.03% of the stock is 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; and account management services.