UP Fintech (NASDAQ:TIGR) Trading Up 7.1%

Jeff Wilder 2021-12-29 10:12

UP Fintech logo UP Fintech Holding Limited (NASDAQ:TIGR)’s share price was up 7.1% during mid-day trading on Monday . The company traded as high as $5.27 and last traded at $5.25. Approximately 29,276 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 8,944,235 shares. The stock had previously closed at $4.90.

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

The business’s 50 day moving average is $6.39 and its two-hundred day moving average is $13.15. The firm has a market capitalization of $773.11 million, a PE ratio of 26.61 and a beta of 1.55. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 1.16.

UP Fintech (NASDAQ:TIGR) last announced its earnings results on Monday, November 29th. The company reported $0.13 earnings per share 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%.

Hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE bought a new position in UP Fintech during the third quarter valued at approximately $25,000. Patriot Financial Group Insurance Agency LLC bought a new position in UP Fintech during the third quarter valued at approximately $30,000. Korea Investment CORP bought a new position in UP Fintech during the second quarter valued at approximately $41,000. Salem Investment Counselors Inc. bought a new position in UP Fintech during the second quarter valued at approximately $61,000. Finally, Royal Bank of Canada grew its position in UP Fintech by 584.5% during the second quarter. Royal Bank of Canada now owns 3,094 shares of the company’s stock valued at $90,000 after acquiring an additional 2,642 shares during the last quarter. Institutional investors and hedge funds own 15.87% of the company’s stock.

About UP Fintech (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.