UP Fintech (NASDAQ:TIGR) Shares Gap Down – Time to Sell?

UP Fintech Holding Limited (NASDAQ:TIGR)’s share price gapped down prior to trading on Monday . The stock had previously closed at $7.22, but opened at $7.05. UP Fintech shares last traded at $7.14, with a volume of 1,500,666 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their price target on UP Fintech from $6.49 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd.

UP Fintech Trading Up 0.3 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.15. The business has a fifty day simple moving average of $5.11 and a 200 day simple moving average of $4.42. The company has a market cap of $1.14 billion, a P/E ratio of 42.47 and a beta of 0.93.

UP Fintech (NASDAQ:TIGR) last posted its earnings results on Friday, August 30th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). UP Fintech had a net margin of 8.59% and a return on equity of 5.35%. The business had revenue of $87.44 million during the quarter.

Institutional Trading of UP Fintech

Large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP increased its position in UP Fintech by 52.8% in the 2nd quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock valued at $4,671,000 after acquiring an additional 384,213 shares during the period. Russell Investments Group Ltd. boosted its stake in UP Fintech by 6,367.8% during the 1st quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock valued at $1,560,000 after purchasing an additional 446,572 shares in the last quarter. Virtu Financial LLC boosted its stake in UP Fintech by 61.3% during the 1st quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock valued at $93,000 after purchasing an additional 10,329 shares in the last quarter. GAMMA Investing LLC boosted its stake in UP Fintech by 53.6% during the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock valued at $32,000 after purchasing an additional 2,104 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in UP Fintech during the 2nd quarter valued at $129,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

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.