UP Fintech (NASDAQ:TIGR) Trading Down 10.9% – Slater Sentinel

   2022-03-12 10:03


UP Fintech Holding Limited (NASDAQ:TIGR – Get Rating) shares traded down 10.9% during mid-day trading on Thursday . The company traded as low as $3.51 and last traded at $3.52. 66,910 shares were traded during trading, a decline of 98% from the average session volume of 3,390,707 shares. The stock had previously closed at $3.95.



A number of analysts recently issued reports on the company. Daiwa Capital Markets assumed coverage on UP Fintech in a research report on Tuesday, January 18th. They set a “buy” rating and a $6.60 price objective for the company. Citigroup reduced their price objective on UP Fintech from $18.22 to $7.58 and set a “buy” rating for the company in a research report on Wednesday, December 1st.


The company has a fifty day simple moving average of $4.32 and a two-hundred day simple moving average of $7.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $510.02 million, a P/E ratio of 17.56 and a beta of 1.45.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in UP Fintech by 2.5% during the third quarter. BlackRock Inc. now owns 3,285,535 shares of the company’s stock valued at $34,792,000 after buying an additional 79,895 shares in the last quarter. Bank of America Corp DE raised its holdings in UP Fintech by 41.4% during the fourth quarter. Bank of America Corp DE now owns 2,243,059 shares of the company’s stock valued at $11,014,000 after buying an additional 656,305 shares in the last quarter. Renaissance Technologies LLC raised its holdings in UP Fintech by 38.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,800,512 shares of the company’s stock valued at $8,841,000 after buying an additional 498,839 shares in the last quarter. Morgan Stanley raised its holdings in UP Fintech by 588.0% during the second quarter. Morgan Stanley now owns 1,293,774 shares of the company’s stock valued at $37,493,000 after buying an additional 1,105,716 shares in the last quarter. Finally, State Street Corp increased its stake in shares of UP Fintech by 1,407.7% in the second quarter. State Street Corp now owns 1,143,938 shares of the company’s stock worth $33,151,000 after purchasing an additional 1,068,067 shares during the period. Institutional investors own 16.44% of the company’s stock.

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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