UP Fintech (NASDAQ:TIGR) Reaches New 12-Month Low – Time to Sell?

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) hit a new 52-week low during trading on Wednesday. The company traded as low as $4.00 and last traded at $4.0350, with a volume of 871,982 shares traded. The stock had previously closed at $4.10.

Analyst Ratings Changes

TIGR has been the subject of several research reports. Wall Street Zen raised UP Fintech from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a research note on Monday, August 31st. Zacks Research raised shares of UP Fintech to a “hold” rating in a research report on Monday, September 14th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $7.70 target price on shares of UP Fintech in a research note on Thursday, August 27th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.51.

UP Fintech Price Performance

The company has a market cap of $770.18 million, a price-to-earnings ratio of 6.88 and a beta of 0.42. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $4.70 and a two-hundred day moving average price of $5.14.

UP Fintech (NASDAQ:TIGR) last issued its earnings results on Thursday, August 27th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $182.27 million during the quarter, compared to analysts’ expectations of $153.93 million. UP Fintech had a return on equity of 13.11% and a net margin of 16.22%. As a group, equities research analysts anticipate that UP Fintech Holding Limited will post 0.42 EPS for the current fiscal year.

Institutional Trading of UP Fintech

Several institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC bought a new position in UP Fintech during the first quarter worth about $67,000. AXQ Capital LP acquired a new position in UP Fintech during the 2nd quarter worth about $72,000. Castleview Partners LLC bought a new stake in shares of UP Fintech during the first quarter valued at approximately $74,000. Public Employees Retirement System of Ohio bought a new position in UP Fintech in the 2nd quarter valued at $76,000. Finally, IPG Investment Advisors LLC boosted its holdings in UP Fintech by 66.4% in the second quarter. IPG Investment Advisors LLC now owns 26,370 shares of the company’s stock valued at $116,000 after acquiring an additional 10,520 shares during the last quarter. 9.03% of the stock is currently owned by institutional investors and hedge funds.

UP Fintech Company Profile

UP Fintech Holding Limited, operating under the Tiger Brokers brand, is a technology-driven online brokerage serving investors in China and other international markets. The company provides digital investment and trading services through its Tiger Trade platform, which is designed to give individual investors access to global financial markets.

Its services include brokerage accounts, trading in stocks, exchange-traded funds, options and futures, as well as market data, research tools and other investment-related services.