UP Fintech (NASDAQ:TIGR) Hits New 52-Week High at $6.10

UP Fintech Holding Limited (NASDAQ:TIGR) hit a new 52-week high on Tuesday . The company traded as high as $6.10 and last traded at $5.91, with a volume of 5530931 shares. The stock had previously closed at $5.34.

Analysts Set New Price Targets

Separately, Citigroup cut their price objective on shares of UP Fintech from $6.49 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd.

UP Fintech Price Performance

The business’s 50 day simple moving average is $3.84 and its 200-day simple moving average is $3.96. The stock has a market capitalization of $961.74 million, a price-to-earnings ratio of 25.00 and a beta of 0.90. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.32.

UP Fintech (NASDAQ:TIGR) last announced its quarterly earnings results on Friday, August 30th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). UP Fintech had a net margin of 8.59% and a return on equity of 5.35%. The firm had revenue of $87.44 million for the quarter.

Institutional Investors Weigh In On UP Fintech

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in UP Fintech by 308.9% during the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock valued at $26,000 after purchasing an additional 5,804 shares during the period. GSA Capital Partners LLP increased its position in UP Fintech by 19.8% during the 1st quarter. GSA Capital Partners LLP now owns 280,979 shares of the company’s stock valued at $967,000 after purchasing an additional 46,394 shares during the period. Headlands Technologies LLC purchased a new stake in UP Fintech in the first quarter worth $34,000. Russell Investments Group Ltd. boosted its stake in UP Fintech by 6,367.8% during the first quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock worth $1,560,000 after acquiring an additional 446,572 shares in the last quarter. Finally, Virtu Financial LLC boosted its stake in UP Fintech by 61.3% in the 1st quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock worth $93,000 after purchasing an additional 10,329 shares in the last quarter. 9.03% of the stock is owned by institutional investors.

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.