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

UP Fintech Holding Limited (NASDAQ:TIGR) shares saw unusually-strong trading volume on Friday . Approximately 691,448 shares were traded during mid-day 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 Upgrades and Downgrades

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

UP Fintech Trading Up 8.6 %

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 stock has a market capitalization of $554.19 million, a PE ratio of 17.40 and a beta of 1.21. The business’s fifty day moving average is $3.76 and its 200-day moving average is $4.13.

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

Institutional Investors Weigh In On UP Fintech

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of UP Fintech by 308.9% in the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock valued at $26,000 after purchasing an additional 5,804 shares in the last quarter. Asset Management One Co. Ltd. lifted its position 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 buying an additional 3,446 shares in the last quarter. Walleye Capital LLC purchased a new stake in UP Fintech during the third quarter worth approximately $1,886,000. Caxton Associates LP acquired a new stake in shares of UP Fintech in the third quarter worth $424,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of UP Fintech in the 3rd quarter valued at $1,071,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

About UP Fintech

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.