UP Fintech (NASDAQ:TIGR) Sees Large Volume Increase – Here’s What Happened

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) saw unusually-high trading volume on Tuesday . Approximately 4,580,673 shares traded hands during trading, an increase of 26% from the previous session’s volume of 3,630,934 shares.The stock last traded at $4.86 and had previously closed at $4.36.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.83.

UP Fintech Trading Up 12.2%

The company has a market capitalization of $927.63 million, a price-to-earnings ratio of 5.37, a price-to-earnings-growth ratio of 0.16 and a beta of 0.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a fifty day moving average price of $6.53 and a 200-day moving average price of $8.02.

UP Fintech (NASDAQ:TIGR) last released its earnings results on Thursday, March 19th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. The company had revenue of $156.54 million for the quarter, compared to analyst estimates of $142.01 million. UP Fintech had a return on equity of 21.87% and a net margin of 28.82%. As a group, equities analysts anticipate that UP Fintech Holding Limited will post 0.78 EPS for the current year.

Institutional Trading of UP Fintech

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of UP Fintech during the 2nd quarter worth $33,000. GeoWealth Management LLC bought a new stake in shares of UP Fintech during the 4th quarter worth $35,000. Hsbc Holdings PLC bought a new stake in shares of UP Fintech during the 1st quarter worth $67,000. Castleview Partners LLC bought a new position in UP Fintech in the first quarter valued at about $74,000. Finally, SBI Securities Co. Ltd. raised its position in UP Fintech by 21.2% in the third quarter. SBI Securities Co. Ltd. now owns 7,737 shares of the company’s stock valued at $83,000 after purchasing an additional 1,355 shares during the last quarter. 9.03% of the stock is currently owned by institutional investors.

UP Fintech Company Profile

Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company’s primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.

Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.