UP Fintech (NASDAQ:TIGR) Shares Gap Up – Here’s What Happened

UP Fintech Holding Limited (NASDAQ:TIGRGet Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $6.49, but opened at $6.83. UP Fintech shares last traded at $6.70, with a volume of 3,944,721 shares changing hands.

Wall Street Analyst Weigh In

TIGR has been the topic of several recent research reports. China Renaissance upgraded UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price target on the stock in a research report on Thursday, October 24th. Citigroup reaffirmed a “sell” rating and issued a $5.50 target price (up from $5.00) on shares of UP Fintech in a research note on Tuesday, October 22nd.

Check Out Our Latest Research Report on TIGR

UP Fintech Trading Down 1.3 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.15 and a quick ratio of 1.15. The firm’s 50 day moving average price is $5.75 and its 200 day moving average price is $4.69. The stock has a market capitalization of $1.22 billion, a P/E ratio of 38.94 and a beta of 0.91.

UP Fintech (NASDAQ:TIGRGet Free Report) last released 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 business had revenue of $87.44 million for the quarter.

Institutional Trading of UP Fintech

Several large investors have recently added to or reduced their stakes in TIGR. GAMMA Investing LLC raised its holdings in UP Fintech by 53.6% in the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock worth $32,000 after purchasing an additional 2,104 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in UP Fintech by 38.5% in the third quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock worth $84,000 after buying an additional 4,377 shares in the last quarter. Blue Trust Inc. lifted its holdings in UP Fintech by 198.6% in the third quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock worth $78,000 after buying an additional 9,748 shares during the period. Headlands Technologies LLC bought a new stake in UP Fintech during the 1st quarter valued at approximately $34,000. Finally, Virtu Financial LLC grew its holdings in shares of UP Fintech by 61.3% during the 1st quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock worth $93,000 after acquiring an additional 10,329 shares during the period. Institutional investors own 9.03% of the company’s stock.

UP Fintech Company Profile

(Get Free Report)

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 services.

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