UP Fintech (NASDAQ:TIGR) Trading Down 2.2% – Time to Sell?

UP Fintech Holding Limited (NASDAQ:TIGR)’s stock price traded down 2.2% during trading on Thursday . The stock traded as low as $7.18 and last traded at $7.21. 984,668 shares were traded during trading, a decline of 80% from the average session volume of 5,041,139 shares. The stock had previously closed at $7.37.

Analyst Upgrades and Downgrades

TIGR has been the topic of a number of recent research reports. Citigroup restated a “sell” rating and issued a $5.50 price objective (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd. 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 note on Thursday, October 24th.

UP Fintech Price Performance

The firm has a 50-day moving average of $6.46 and a 200 day moving average of $5.29. The company has a market capitalization of $1.34 billion, a PE ratio of 36.25 and a beta of 0.88. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TIGR. Sparta 24 Ltd. increased its position in shares of UP Fintech by 113.7% during the 3rd quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company’s stock valued at $16,811,000 after purchasing an additional 1,675,296 shares during the last quarter. Marshall Wace LLP raised its position in UP Fintech by 52.8% in the second quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock worth $4,671,000 after acquiring an additional 384,213 shares during the period. State Street Corp grew its position in shares of UP Fintech by 4.8% during the 3rd quarter. State Street Corp now owns 742,452 shares of the company’s stock valued at $3,965,000 after acquiring an additional 34,186 shares during the period. GSA Capital Partners LLP increased its stake in shares of UP Fintech by 10.1% in the 3rd quarter. GSA Capital Partners LLP now owns 675,961 shares of the company’s stock worth $3,610,000 after purchasing an additional 62,145 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in UP Fintech by 66.2% in the 3rd 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 purchasing an additional 81,300 shares during the period. Institutional investors own 9.03% of the company’s stock.

UP Fintech Company Profile

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.