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 changed hands 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 dropped their target price on 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 Performance

The stock has a market capitalization of $554.19 million, a price-to-earnings ratio of 17.75 and a beta of 1.21. The firm has a fifty day moving average of $3.75 and a 200 day moving average of $4.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.20 and a quick ratio of 1.20.

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

Hedge Funds Weigh In On UP Fintech

A number of hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new position in UP Fintech during the third quarter worth approximately $2,896,000. Walleye Capital LLC purchased a new position in UP Fintech during the third quarter worth approximately $1,886,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in UP Fintech during the third quarter worth approximately $1,071,000. Caxton Associates LP purchased a new position in UP Fintech during the third quarter worth approximately $424,000. Finally, SG Americas Securities LLC purchased a new position in UP Fintech during the third quarter worth approximately $234,000. 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.