UP Fintech (NASDAQ:TIGR) Shares Gap Up – What’s Next?

UP Fintech Holding Limited (NASDAQ:TIGRGet Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $7.01, but opened at $7.36. UP Fintech shares last traded at $7.52, with a volume of 2,045,684 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, 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 price objective on the stock.

Read Our Latest Research Report on UP Fintech

UP Fintech Price Performance

The company has a market capitalization of $1.38 billion, a PE ratio of 37.38 and a beta of 0.87. The stock’s 50-day moving average is $7.15 and its two-hundred day moving average is $6.41. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30.

Hedge Funds Weigh In On UP Fintech

Hedge funds and other institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in UP Fintech by 66.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company’s stock worth $1,090,000 after buying an additional 81,300 shares during the period. Centiva Capital LP acquired a new stake in UP Fintech in the third quarter valued at approximately $209,000. Quadrature Capital Ltd purchased a new position in UP Fintech during the 3rd quarter worth $516,000. State Street Corp boosted its holdings in UP Fintech by 4.8% in the third quarter. State Street Corp now owns 742,452 shares of the company’s stock worth $3,965,000 after acquiring an additional 34,186 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of UP Fintech during the third quarter worth about $121,000. 9.03% of the stock is currently owned by institutional investors.

UP Fintech Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for UP Fintech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UP Fintech and related companies with MarketBeat.com's FREE daily email newsletter.