UP Fintech (NASDAQ:TIGR) Sees Strong Trading Volume

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) saw unusually-high trading volume on Friday . Approximately 344,798 shares changed hands during mid-day trading, a decline of 64% from the previous session’s volume of 967,689 shares.The stock last traded at $3.71 and had previously closed at $3.89.

UP Fintech Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $603.38 million, a P/E ratio of 16.00 and a beta of 0.91. The firm’s 50-day moving average is $4.10 and its 200-day moving average is $4.01.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $0.08 EPS for the quarter. UP Fintech had a return on equity of 7.64% and a net margin of 12.95%. The business had revenue of $78.95 million during the quarter.

Institutional Investors Weigh In On UP Fintech

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in UP Fintech by 308.9% during 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 during the period. Headlands Technologies LLC bought a new stake in shares of UP Fintech during the first quarter valued at approximately $34,000. SG Americas Securities LLC purchased a new position in shares of UP Fintech in the second quarter worth $78,000. Virtu Financial LLC boosted its position in shares of UP Fintech by 61.3% during the first 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 last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in UP Fintech during the second quarter valued at $129,000. 9.03% of the stock is owned by institutional investors.

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.