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

UP Fintech Holding Limited (NASDAQ:TIGR) shares gapped down prior to trading on Monday . The stock had previously closed at $8.20, but opened at $7.90. UP Fintech shares last traded at $7.14, with a volume of 5,341,248 shares changing hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of UP Fintech in a research note on Thursday, January 2nd. They set a “buy” rating and a $9.40 target price on the stock.

UP Fintech Trading Down 13.4 %

The business has a fifty day moving average price of $7.10 and a two-hundred day moving average price of $6.11. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $1.31 billion, a PE ratio of 35.38 and a beta of 0.86.

Institutional Trading of UP Fintech

Several institutional investors have recently added to or reduced their stakes in TIGR. GAMMA Investing LLC boosted its position in shares of UP Fintech by 51.5% during the fourth quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock worth $59,000 after buying an additional 3,105 shares during the period. Tower Research Capital LLC TRC boosted its holdings in UP Fintech by 527.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock valued at $30,000 after acquiring an additional 3,901 shares during the period. Geode Capital Management LLC boosted its holdings in UP Fintech by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 81,842 shares of the company’s stock valued at $437,000 after acquiring an additional 4,082 shares during the period. Asset Management One Co. Ltd. grew its position in UP Fintech by 38.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock valued at $84,000 after acquiring an additional 4,377 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in UP Fintech during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

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 services.