UP Fintech (NASDAQ:TIGR) Sees Large Volume Increase

UP Fintech Holding Limited (NASDAQ:TIGR) saw unusually-high trading volume on Thursday . Approximately 665,398 shares traded hands during mid-day trading, a decline of 32% from the previous session’s volume of 982,007 shares.The stock last traded at $3.87 and had previously closed at $3.67.

Analysts Set New Price Targets

Separately, Citigroup reduced their price objective on UP Fintech from $8.01 to $6.22 and set a “buy” rating for the company in a research note on Thursday, March 21st.

UP Fintech Stock Up 11.2 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.20. The business’s 50 day moving average price is $3.74 and its 200 day moving average price is $4.08. The firm has a market cap of $636.93 million, a price-to-earnings ratio of 19.45 and a beta of 1.18.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings results on Wednesday, March 20th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $69.98 million for the quarter. UP Fintech had a net margin of 11.95% and a return on equity of 6.88%.

Hedge Funds Weigh In On UP Fintech

Several institutional investors and hedge funds have recently modified their holdings of TIGR. SG Americas Securities LLC acquired a new stake in UP Fintech in the third quarter valued at approximately $234,000. Castleview Partners LLC acquired a new stake in UP Fintech in the 3rd quarter valued at $40,000. New York State Common Retirement Fund purchased a new stake in UP Fintech in the 3rd quarter worth $207,000. Quantbot Technologies LP purchased a new stake in UP Fintech in the 3rd quarter worth $217,000. Finally, Pathstone Family Office LLC acquired a new position in UP Fintech during the third quarter worth $64,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

UP Fintech Company Profile

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.