UP Fintech (NASDAQ:TIGR) Trading Down 6.7% – Should You Sell?

UP Fintech Holding Limited (NASDAQ:TIGRGet Free Report) shares fell 6.7% during trading on Tuesday . The stock traded as low as $6.09 and last traded at $6.11. 3,244,473 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 4,765,509 shares. The stock had previously closed at $6.55.

Analyst Upgrades and Downgrades

TIGR has been the topic of several recent research reports. China Renaissance raised UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price target on the stock in a report on Thursday, October 24th. Citigroup restated a “sell” rating and issued a $5.50 price objective (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd.

Read Our Latest Stock Analysis on UP Fintech

UP Fintech Price Performance

The stock has a 50-day simple moving average of $5.98 and a 200 day simple moving average of $4.79. 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 company has a market cap of $1.09 billion, a P/E ratio of 35.94 and a beta of 0.91.

UP Fintech (NASDAQ:TIGRGet Free Report) last released its quarterly earnings results on Friday, August 30th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The business had revenue of $87.44 million for the quarter. UP Fintech had a net margin of 8.59% and a return on equity of 5.35%.

Institutional Trading of UP Fintech

A number of institutional investors have recently modified their holdings of TIGR. Headlands Technologies LLC bought a new stake in shares of UP Fintech in the first quarter valued at about $34,000. Russell Investments Group Ltd. increased its position in shares of UP Fintech by 6,367.8% in the first quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock valued at $1,560,000 after acquiring an additional 446,572 shares during the last quarter. Virtu Financial LLC increased its position in 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 buying an additional 10,329 shares during the last quarter. Cetera Advisors LLC acquired a new position in UP Fintech during the first quarter worth approximately $117,000. Finally, SG Americas Securities LLC acquired a new position in UP Fintech during the second quarter worth approximately $78,000. 9.03% of the stock is currently owned by institutional investors.

UP Fintech Company Profile

(Get Free Report)

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.

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