UP Fintech (NASDAQ:TIGR) Stock Price Down 2.4% – Slater Sentinel

UP Fintech Holding Limited (NASDAQ:TIGR) shares traded down 2.4% on Thursday . The company traded as low as $5.16 and last traded at $5.18. 17,058 shares changed hands during trading, a decline of 100% from the average session volume of 9,061,300 shares. The stock had previously closed at $5.31.

Separately, Citigroup cut their target price on shares of UP Fintech from $18.22 to $7.58 and set a “buy” rating on the stock in a research note on Wednesday, December 1st.

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The business’s 50 day moving average price is $7.08 and its two-hundred day moving average price is $14.22. The stock has a market cap of $798.93 million, a P/E ratio of 27.50 and a beta of 1.55. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.33.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings results on Monday, November 29th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. UP Fintech had a net margin of 11.45% and a return on equity of 7.94%.

A number of hedge funds and other institutional investors have recently modified their holdings of TIGR. US Bancorp DE purchased a new position in UP Fintech during the 3rd quarter valued at about $25,000. Patriot Financial Group Insurance Agency LLC purchased a new position in UP Fintech during the 3rd quarter valued at about $30,000. Korea Investment CORP purchased a new position in UP Fintech during the 2nd quarter valued at about $41,000. Salem Investment Counselors Inc. purchased a new position in UP Fintech during the 2nd quarter valued at about $61,000. Finally, Royal Bank of Canada raised its holdings in UP Fintech by 584.5% in the second quarter. Royal Bank of Canada now owns 3,094 shares of the company’s stock worth $90,000 after buying an additional 2,642 shares during the last quarter. 15.87% of the stock is owned by institutional investors.

UP Fintech Company Profile (NASDAQ:TIGR)

UP Fintech Holding Ltd. is a brokerage firm, which engages in the provision of online brokerage services. The company was founded by Tian Hua Wu in 2014 and is headquartered in Chaoyang District, China.

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