UP Fintech (NASDAQ:TIGR) Sees Unusually-High Trading Volume – What’s Next?

UP Fintech Holding Limited (NASDAQ:TIGR) saw strong trading volume on Tuesday . 4,301,050 shares were traded during trading, a decline of 31% from the previous session’s volume of 6,197,851 shares.The stock last traded at $9.16 and had previously closed at $7.97.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Bank of America assumed coverage on shares of UP Fintech in a report on Monday. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price target on the stock.

UP Fintech Stock Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The firm’s 50 day moving average is $7.20 and its 200-day moving average is $6.51. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 45.98 and a beta of 0.87.

Institutional Investors Weigh In On UP Fintech

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its stake in shares of UP Fintech by 527.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock valued at $30,000 after purchasing an additional 3,901 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in UP Fintech during the 4th quarter worth $34,000. Deutsche Bank AG acquired a new position in UP Fintech during the 4th quarter worth $38,000. GAMMA Investing LLC lifted its position in UP Fintech by 51.5% during the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock worth $59,000 after acquiring an additional 3,105 shares during the last quarter. Finally, Tairen Capital Ltd acquired a new position in UP Fintech during the 4th quarter worth $68,000. Institutional investors and hedge funds 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 services.