UP Fintech (NASDAQ:TIGR) Trading 7.1% Higher
UP Fintech Holding Limited (NASDAQ:TIGR)’s share price traded up 7.1% on Tuesday . The stock traded as high as $18.32 and last traded at $18.20. 98,845 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 10,040,790 shares. The stock had previously closed at $17.00.
Several research firms have recently commented on TIGR. CICC Research began coverage on UP Fintech in a report on Wednesday, March 10th. They set an “outperform” rating and a $30.60 target price for the company. TheStreet downgraded UP Fintech from a “c” rating to a “d+” rating in a research report on Monday, March 29th. Finally, Citigroup upped their target price on UP Fintech from $8.30 to $38.60 in a research report on Friday, February 26th.
The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 280.55 and a beta of 2.18. The business has a 50-day simple moving average of $22.08 and a two-hundred day simple moving average of $12.86.
UP Fintech (NASDAQ:TIGR) last announced its quarterly earnings data on Friday, March 26th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. UP Fintech had a return on equity of 4.00% and a net margin of 6.71%. The company had revenue of $47.24 million during the quarter.
Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in UP Fintech by 263.1% during the 4th quarter. JPMorgan Chase & Co. now owns 6,242 shares of the company’s stock valued at $50,000 after purchasing an additional 4,523 shares during the period. Jane Street Group LLC acquired a new stake in UP Fintech during the 4th quarter valued at $95,000. Cetera Investment Advisers acquired a new position in shares of UP Fintech in the fourth quarter worth $113,000. Cetera Advisor Networks LLC acquired a new position in shares of UP Fintech in the fourth quarter worth $123,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of UP Fintech in the third quarter worth $167,000. 3.90% of the stock is currently owned by institutional investors.
About UP Fintech (NASDAQ:TIGR)
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 trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support.
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