UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 32,833 put options on the company. This is an increase of 132% compared to the average daily volume of 14,158 put options.
UP Fintech Price Performance
Shares of TIGR stock traded down $0.11 during trading hours on Tuesday, hitting $5.92. The company had a trading volume of 2,863,770 shares, compared to its average volume of 2,866,482. UP Fintech has a 12 month low of $5.81 and a 12 month high of $13.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s fifty day moving average is $6.75 and its 200 day moving average is $8.21. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 0.22 and a beta of 0.53.
UP Fintech (NASDAQ:TIGR – Get Free Report) last announced its quarterly earnings results on Thursday, March 19th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The firm had revenue of $156.54 million for the quarter, compared to analysts’ expectations of $142.01 million. UP Fintech had a return on equity of 21.87% and a net margin of 28.82%. On average, sell-side analysts predict that UP Fintech will post 0.78 EPS for the current fiscal year.
Analysts Set New Price Targets
View Our Latest Analysis on TIGR
Hedge Funds Weigh In On UP Fintech
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in shares of UP Fintech by 129.8% in the first quarter. Renaissance Technologies LLC now owns 1,782,066 shares of the company’s stock valued at $11,227,000 after acquiring an additional 1,006,566 shares during the last quarter. ABN Amro Investment Solutions grew its position in UP Fintech by 52.0% during the 1st quarter. ABN Amro Investment Solutions now owns 22,792 shares of the company’s stock worth $144,000 after acquiring an additional 7,800 shares during the last quarter. Sparta 24 Ltd. increased its holdings in UP Fintech by 9.1% during the 1st quarter. Sparta 24 Ltd. now owns 5,808,267 shares of the company’s stock valued at $36,592,000 after purchasing an additional 482,607 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in UP Fintech by 7.5% during the 1st quarter. Bank of New York Mellon Corp now owns 79,336 shares of the company’s stock valued at $500,000 after purchasing an additional 5,564 shares in the last quarter. Finally, Castleview Partners LLC bought a new position in UP Fintech in the 1st quarter valued at $74,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.
About UP Fintech
Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company’s primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.
Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.
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