UP Fintech (NASDAQ:TIGR) Trading Down 5.2% – Should You Sell?

UP Fintech Holding Limited (NASDAQ:TIGR) dropped 5.2% on Tuesday . The stock traded as low as $6.39 and last traded at $6.42. Approximately 2,478,296 shares were traded during trading, a decline of 30% from the average daily volume of 3,549,045 shares. The stock had previously closed at $6.77.

Wall Street Analyst Weigh In

TIGR has been the topic of several analyst reports. China Renaissance raised UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price objective on the stock in a research note on Thursday, October 24th. Citigroup reaffirmed a “sell” rating and set a $5.50 target price (up previously from $5.00) on shares of UP Fintech in a research note on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on UP Fintech in a research note on Thursday, January 2nd. They set a “buy” rating and a $9.40 target price on the stock.

UP Fintech Stock Performance

The stock has a market cap of $1.28 billion, a P/E ratio of 34.55 and a beta of 0.86. The business has a 50 day moving average price of $6.46 and a 200 day moving average price of $5.58. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30.

Institutional Trading of UP Fintech

A number of large investors have recently modified their holdings of TIGR. Renaissance Technologies LLC boosted its holdings in shares of UP Fintech by 162.7% in the second quarter. Renaissance Technologies LLC now owns 92,441 shares of the company’s stock valued at $388,000 after purchasing an additional 57,257 shares during the period. Marshall Wace LLP lifted its holdings in UP Fintech by 52.8% during the second quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock worth $4,671,000 after buying an additional 384,213 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in UP Fintech during the second quarter worth $129,000. GAMMA Investing LLC lifted its holdings in UP Fintech by 53.6% during the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock worth $32,000 after buying an additional 2,104 shares during the period. Finally, Blue Trust Inc. lifted its holdings in UP Fintech by 198.6% during the third quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock worth $78,000 after buying an additional 9,748 shares during the period. 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 services.