UP Fintech (NASDAQ:TIGR) Shares Up 7% – Slater Sentinel

   2022-03-25 09:03


UP Fintech Holding Limited (NASDAQ:TIGR – Get Rating)’s stock price shot up 7% during trading on Wednesday . The stock traded as high as $6.92 and last traded at $6.92. 305,521 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 4,452,478 shares. The stock had previously closed at $6.47.



Several brokerages have commented on TIGR. Citigroup lowered their target price on shares of UP Fintech from $18.22 to $7.58 and set a “buy” rating for the company in a research note on Wednesday, December 1st. Daiwa Capital Markets began coverage on shares of UP Fintech in a research note on Tuesday, January 18th. They issued a “buy” rating and a $6.60 target price for the company.


The company has a market cap of $965.17 million, a price-to-earnings ratio of 74.76 and a beta of 1.45. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.33. The company’s fifty day moving average price is $4.42 and its two-hundred day moving average price is $6.62.

Several institutional investors have recently added to or reduced their stakes in TIGR. Royal Bank of Canada boosted its holdings in shares of UP Fintech by 584.5% in the second quarter. Royal Bank of Canada now owns 3,094 shares of the company’s stock valued at $90,000 after buying an additional 2,642 shares during the period. Prudential Financial Inc. acquired a new position in shares of UP Fintech in the second quarter valued at approximately $232,000. Morgan Stanley boosted its holdings in shares of UP Fintech by 588.0% in 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 during the period. Marshall Wace LLP acquired a new position in shares of UP Fintech in the second quarter valued at approximately $768,000. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of UP Fintech in the second quarter valued at approximately $1,234,000. Institutional investors own 16.44% of the company’s stock.

UP Fintech Company Profile (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 investor education, community engagement, and IR platform; and account management services.

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