UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) shares were down 2.2% during mid-day trading on Thursday . The stock traded as low as $7.18 and last traded at $7.21. Approximately 984,668 shares traded hands during trading, a decline of 80% from the average daily volume of 5,041,139 shares. The stock had previously closed at $7.37.
Several analysts have weighed in on the company. Citigroup reiterated a "sell" rating and issued a $5.50 price objective (up previously from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd. China Renaissance raised shares of UP Fintech from a "hold" rating to a "buy" rating and set a $7.58 price target on the stock in a report on Thursday, October 24th.
View Our Latest Report on UP Fintech
The firm has a market cap of $1.34 billion, a PE ratio of 36.25 and a beta of 0.88. The firm has a fifty day simple moving average of $6.46 and a two-hundred day simple moving average of $5.29. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30.
Several institutional investors and hedge funds have recently modified their holdings of TIGR. GAMMA Investing LLC raised its stake in UP Fintech by 53.6% in the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company's stock worth $32,000 after buying an additional 2,104 shares in the last quarter. Blue Trust Inc. raised its position in shares of UP Fintech by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 14,657 shares of the company's stock worth $78,000 after acquiring an additional 9,748 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of UP Fintech in the 2nd quarter valued at approximately $78,000. Asset Management One Co. Ltd. boosted its position in shares of UP Fintech by 38.5% during the third quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company's stock valued at $84,000 after purchasing an additional 4,377 shares in the last quarter. Finally, Headlands Technologies LLC grew its stake in UP Fintech by 100.6% in the second quarter. Headlands Technologies LLC now owns 19,954 shares of the company's stock worth $84,000 after purchasing an additional 10,006 shares during the period. 9.03% of the stock is owned by hedge funds and other institutional investors.
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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