UP Fintech (NASDAQ:TIGR) Sees Unusually-High Trading Volume

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) saw an uptick in trading volume on Friday . 691,448 shares were traded during trading, a decline of 29% from the previous session’s volume of 969,850 shares.The stock last traded at $3.48 and had previously closed at $3.27.

Analyst Ratings Changes

Separately, Citigroup cut their price objective on shares of UP Fintech from $8.01 to $6.22 and set a “buy” rating on the stock in a report on Thursday, March 21st.

UP Fintech Stock Up 8.6 %

The company has a fifty day simple moving average of $3.76 and a 200 day simple moving average of $4.13. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $554.19 million, a P/E ratio of 17.40 and a beta of 1.21.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings data on Wednesday, March 20th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $69.98 million during the quarter. UP Fintech had a net margin of 11.95% and a return on equity of 6.88%.

Institutional Trading of UP Fintech

Several large investors have recently added to or reduced their stakes in TIGR. GAMMA Investing LLC boosted its stake in shares of UP Fintech by 308.9% during the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock worth $26,000 after acquiring an additional 5,804 shares during the last quarter. Castleview Partners LLC purchased a new position in UP Fintech during the third quarter valued at $40,000. Asset Management One Co. Ltd. grew its holdings in UP Fintech by 32.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 14,028 shares of the company’s stock valued at $61,000 after purchasing an additional 3,446 shares during the period. Pathstone Family Office LLC purchased a new stake in UP Fintech in the third quarter worth about $64,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of UP Fintech in the third quarter worth about $101,000. 9.03% of the stock is currently owned by institutional investors.

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.