UP Fintech (NASDAQ:TIGR) Sees Unusually-High Trading Volume

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) saw strong trading volume on Friday . 691,448 shares traded hands during trading, a decline of 29% from the previous session’s volume of 969,850 shares.The stock last traded at $3.48 and had previously closed at $3.27.

Analysts Set New Price Targets

Separately, Citigroup decreased their price target on UP Fintech from $8.01 to $6.22 and set a “buy” rating for the company in a research note on Thursday, March 21st.

UP Fintech Stock Performance

The company has a market cap of $554.19 million, a P/E ratio of 17.75 and a beta of 1.21. The company has a 50 day moving average price of $3.75 and a 200-day moving average price of $4.11. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.32.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings results on Wednesday, March 20th. The company reported ($0.01) earnings per share (EPS) for the quarter. UP Fintech had a return on equity of 6.88% and a net margin of 11.95%. The business had revenue of $69.98 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Walleye Capital LLC bought a new position in UP Fintech during the third quarter valued at about $1,886,000. Pathstone Family Office LLC bought a new position in UP Fintech during the third quarter valued at about $64,000. Acadian Asset Management LLC bought a new position in UP Fintech during the third quarter valued at about $2,896,000. Asset Management One Co. Ltd. boosted its stake in UP Fintech by 32.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 14,028 shares of the company’s stock valued at $61,000 after buying an additional 3,446 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in UP Fintech during the third quarter valued at about $187,000. Institutional investors own 9.03% of the company’s stock.

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.