UP Fintech (NASDAQ:TIGR) Sees Strong Trading Volume

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) saw unusually-strong trading volume on Thursday . Approximately 959,676 shares traded hands during mid-day trading, a decline of 3% from the previous session’s volume of 990,188 shares.The stock last traded at $4.50 and had previously closed at $4.16.

Wall Street Analyst Weigh In

Separately, Citigroup reduced their target price 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 $765.50 million, a PE ratio of 19.91 and a beta of 0.90. The firm’s 50-day simple moving average is $3.82 and its 200-day simple moving average is $3.97. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32.

UP Fintech (NASDAQ:TIGR) last announced its quarterly earnings data on Friday, August 30th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). The firm had revenue of $87.44 million during the quarter. UP Fintech had a return on equity of 5.35% and a net margin of 8.59%.

Hedge Funds Weigh In On UP Fintech

Several institutional investors have recently made changes to their positions in TIGR. Russell Investments Group Ltd. increased its position in UP Fintech by 6,367.8% during the 1st quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock valued at $1,560,000 after purchasing an additional 446,572 shares during the period. Virtu Financial LLC increased its holdings in UP Fintech by 61.3% during the first quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock valued at $93,000 after buying an additional 10,329 shares during the period. Cetera Advisors LLC bought a new position in UP Fintech in the first quarter worth approximately $117,000. GSA Capital Partners LLP lifted its holdings in UP Fintech by 19.8% during the first quarter. GSA Capital Partners LLP now owns 280,979 shares of the company’s stock worth $967,000 after buying an additional 46,394 shares during the period. Finally, SG Americas Securities LLC bought a new stake in UP Fintech during the 2nd quarter valued at $78,000. Hedge funds and other institutional investors 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; and account management services.