UP Fintech (NASDAQ:TIGR) Sees Strong Trading Volume – What’s Next?

UP Fintech Holding Limited (NASDAQ:TIGR) shares saw strong trading volume on Monday . 2,424,572 shares traded hands during trading, a decline of 46% from the previous session’s volume of 4,482,527 shares.The stock last traded at $6.41 and had previously closed at $6.19.

Analyst Ratings Changes

A number of equities analysts have commented on TIGR shares. China Renaissance raised shares of UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price objective for the company in a report on Thursday. Citigroup restated a “sell” rating and issued a $5.50 price target (up from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd.

UP Fintech Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a 50 day moving average of $5.38 and a 200 day moving average of $4.53. The stock has a market capitalization of $1.03 billion, a P/E ratio of 38.94 and a beta of 0.93.

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

Institutional Trading of UP Fintech

Several large investors have recently added to or reduced their stakes in TIGR. GSA Capital Partners LLP increased its holdings in shares of UP Fintech by 19.8% during the first quarter. GSA Capital Partners LLP now owns 280,979 shares of the company’s stock valued at $967,000 after purchasing an additional 46,394 shares during the period. Headlands Technologies LLC bought a new stake in shares of UP Fintech during the 1st quarter worth about $34,000. Russell Investments Group Ltd. raised its position in shares of UP Fintech by 6,367.8% during the 1st quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock worth $1,560,000 after buying an additional 446,572 shares in the last quarter. Virtu Financial LLC lifted its stake in shares of UP Fintech by 61.3% in the 1st quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock worth $93,000 after acquiring an additional 10,329 shares during the period. Finally, Cetera Advisors LLC acquired a new position in shares of UP Fintech during the first quarter valued at approximately $117,000. 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 services.