UP Fintech (NASDAQ:TIGR) Shares Down 8.4% – Watch List News
UP Fintech Holding Limited (NASDAQ:TIGR)’s share price was down 8.4% during mid-day trading on Monday . The stock traded as low as $15.63 and last traded at $15.63. Approximately 26,627 shares traded hands during trading, a decline of 100% from the average daily volume of 9,453,105 shares. The stock had previously closed at $17.06.
Several equities research analysts have recently issued reports on TIGR shares. Citigroup lifted their price objective on shares of UP Fintech from $8.30 to $38.60 in a research report on Friday, February 26th. TheStreet cut shares of UP Fintech from a “c” rating to a “d+” rating in a research report on Monday, March 29th. Finally, CICC Research began coverage on shares of UP Fintech in a research report on Wednesday, March 10th. They issued an “outperform” rating and a $30.60 price target for the company.
The business’s 50 day moving average price is $18.46 and its 200-day moving average price is $15.07. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 265.54 and a beta of 2.18.
UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings results on Friday, March 26th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. UP Fintech had a net margin of 6.71% and a return on equity of 4.00%. The business had revenue of $47.24 million for the quarter.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Voloridge Investment Management LLC purchased a new position in shares of UP Fintech during the fourth quarter valued at approximately $1,280,000. Cetera Advisor Networks LLC acquired a new position in UP Fintech during the 4th quarter valued at about $123,000. Paloma Partners Management Co acquired a new position in UP Fintech during the 4th quarter valued at about $209,000. Jane Street Group LLC acquired a new position in shares of UP Fintech in the 4th quarter worth approximately $95,000. Finally, Global Retirement Partners LLC acquired a new position in shares of UP Fintech in the 1st quarter worth approximately $121,000. 3.90% of the stock is currently owned by institutional investors and hedge funds.
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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