UP Fintech (NASDAQ:TIGR) Trading 7.1% Higher

UP Fintech Holding Limited (NASDAQ:TIGR) shares traded up 7.1% during trading on Tuesday . The company traded as high as $18.32 and last traded at $18.20. 98,845 shares were traded during mid-day trading, a decline of 99% from the average session volume of 10,040,790 shares. The stock had previously closed at $17.00.

A number of research analysts have recently commented on the company. Citigroup increased their price objective on UP Fintech from $8.30 to $38.60 in a report on Friday, February 26th. CICC Research initiated coverage on UP Fintech in a research note on Wednesday, March 10th. They set an “outperform” rating and a $30.60 price target on the stock. Finally, TheStreet downgraded UP Fintech from a “c” rating to a “d+” rating in a research note on Monday, March 29th.

The business has a 50 day moving average of $22.08 and a 200-day moving average of $12.86. The stock has a market cap of $2.37 billion, a PE ratio of 280.55 and a beta of 2.18.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings data on Friday, March 26th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. UP Fintech had a return on equity of 4.00% and a net margin of 6.71%. The company had revenue of $47.24 million during the quarter.

A number of institutional investors have recently bought and sold shares of TIGR. California Public Employees Retirement System lifted its position in UP Fintech by 3.5% during the 3rd quarter. California Public Employees Retirement System now owns 174,674 shares of the company’s stock worth $828,000 after acquiring an additional 5,900 shares during the period. State Street Corp acquired a new stake in UP Fintech during the 3rd quarter worth approximately $173,000. Arrowstreet Capital Limited Partnership acquired a new stake in UP Fintech during the 3rd quarter worth approximately $1,088,000. Morgan Stanley lifted its position in UP Fintech by 20,166.5% during the 3rd quarter. Morgan Stanley now owns 1,400,821 shares of the company’s stock worth $6,640,000 after acquiring an additional 1,393,909 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in UP Fintech during the 3rd quarter worth approximately $167,000. 3.90% of the stock is owned by institutional investors.

UP Fintech Company Profile (NASDAQ:TIGR)

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 trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support.

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