UP Fintech (NASDAQ:TIGR) Trading Up 4.2% – Time to Buy?

UP Fintech Holding Limited (NASDAQ:TIGR) shares traded up 4.2% during trading on Thursday . The stock traded as high as $7.14 and last traded at $7.14. 1,470,349 shares traded hands during trading, a decline of 71% from the average session volume of 4,996,900 shares. The stock had previously closed at $6.85.

Analyst Upgrades and Downgrades

TIGR has been the topic of a number of analyst reports. China Renaissance upgraded UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price target on the stock in a research report on Thursday, October 24th. Citigroup reissued a “sell” rating and set a $5.50 target price (up previously from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd.

UP Fintech Trading Up 4.1 %

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s fifty day moving average is $6.78 and its 200-day moving average is $5.08. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 35.65 and a beta of 0.88.

Institutional Investors Weigh In On UP Fintech

Several institutional investors and hedge funds have recently made changes to their positions in TIGR. GAMMA Investing LLC increased its holdings in UP Fintech by 53.6% in the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock worth $32,000 after purchasing an additional 2,104 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of UP Fintech in the 2nd quarter valued at $78,000. Blue Trust Inc. increased its stake in shares of UP Fintech by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock valued at $78,000 after acquiring an additional 9,748 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of UP Fintech by 38.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock valued at $84,000 after acquiring an additional 4,377 shares during the period. Finally, Headlands Technologies LLC boosted its stake in UP Fintech by 100.6% during the second quarter. Headlands Technologies LLC now owns 19,954 shares of the company’s stock worth $84,000 after acquiring an additional 10,006 shares in the last quarter. 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 services.