PriyaPatel
TLDR:
- UP Fintech (NASDAQ:TIGR) experienced an uptick in trading volume with 433,460 shares being traded on Tuesday.
- The company’s stock price last traded at $4.44, showing a 6.0% increase.
UP Fintech Holding Limited (NASDAQ:TIGR) saw a strong trading volume on Tuesday, with 433,460 shares traded during mid-day trading. This marked a decline of 45% from the previous session’s volume. The stock price rose to $4.44, showing a 6.0% increase. Analysts from The Goldman Sachs Group raised their price target on UP Fintech from $2.84 to $3.17, giving the company a “sell” rating. The company has a market capitalization of $775.87 million and a PE ratio of 22.59.
UP Fintech provides online brokerage services for Chinese investors, offering a platform to trade various financial instruments through its app and website. Institutional investors, including Advisor Group Holdings Inc., BlackRock Inc., Cetera Investment Advisers, Penserra Capital Management LLC, and Invesco Ltd., have recently increased their holdings in UP Fintech. Currently, 3.93% of the stock is owned by hedge funds and institutional investors.
The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.21, and a current ratio of 1.21. With a fifty-day simple moving average of $3.97 and a 200-day simple moving average of $4.45, UP Fintech continues to attract investor interest with its trading volume and stock price performance.
