UP Fintech (NASDAQ:TIGR) Stock Price Up 8%

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) rose 8% on Thursday . The stock traded as high as $3.77 and last traded at $3.77. Approximately 838,494 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 963,874 shares. The stock had previously closed at $3.49.

Analyst Upgrades and Downgrades

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

UP Fintech Stock Performance

The company has a market capitalization of $616.74 million, a P/E ratio of 16.04 and a beta of 0.90. The firm has a 50 day moving average price of $3.83 and a two-hundred day moving average price of $3.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.15.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings results on Friday, August 30th. The company reported $0.02 earnings per share 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 business had revenue of $87.44 million during the quarter.

Institutional Investors Weigh In On UP Fintech

Several hedge funds have recently bought and sold shares of TIGR. GAMMA Investing LLC lifted its holdings in UP Fintech by 308.9% during the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock worth $26,000 after purchasing an additional 5,804 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of UP Fintech during the first quarter worth $34,000. SG Americas Securities LLC bought a new stake in shares of UP Fintech in the second quarter valued at about $78,000. Virtu Financial LLC grew its stake in shares of UP Fintech by 61.3% in the first quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock valued at $93,000 after acquiring an additional 10,329 shares in the last quarter. Finally, Cetera Advisors LLC bought a new position in UP Fintech during the first quarter worth about $117,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

About UP Fintech

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.