UP Fintech (NASDAQ:TIGR) Stock Price Down 5.6%
UP Fintech Holding Limited (NASDAQ:TIGR)’s share price was down 5.6% on Thursday . The stock traded as low as $21.23 and last traded at $21.23. Approximately 29,915 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 9,958,817 shares. The stock had previously closed at $22.48.
Several research analysts have recently weighed in on TIGR shares. TheStreet downgraded shares of UP Fintech from a “c” rating to a “d+” rating in a research report on Monday, March 29th. Citigroup raised their price target on shares of UP Fintech from $8.30 to $38.60 in a report on Friday, February 26th. Finally, CICC Research started coverage on shares of UP Fintech in a report on Wednesday, March 10th. They set an “outperform” rating and a $30.60 price target for the company.
The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 356.06 and a beta of 2.18. The stock’s 50 day simple moving average is $19.23 and its 200-day simple moving average is $14.40.
UP Fintech (NASDAQ:TIGR) last posted its earnings results on Friday, March 26th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. The firm had revenue of $47.24 million during the quarter. UP Fintech had a net margin of 6.71% and a return on equity of 4.00%.
Several institutional investors have recently modified their holdings of the company. WT Asset Management Ltd acquired a new stake in shares of UP Fintech in the first quarter worth $12,126,000. Citigroup Inc. acquired a new stake in shares of UP Fintech in the fourth quarter worth $3,089,000. Neumann Advisory Hong Kong Ltd acquired a new stake in shares of UP Fintech in the fourth quarter worth $2,204,000. Voloridge Investment Management LLC acquired a new stake in shares of UP Fintech in the fourth quarter worth $1,280,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of UP Fintech in the third quarter worth $167,000. Institutional investors and hedge funds own 3.90% of the company’s stock.
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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