UP Fintech (NASDAQ:TIGR) Issues Earnings Results

UP Fintech (NASDAQ:TIGR) released its earnings results on Tuesday. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06, reports. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%. The firm had revenue of $124.10 million for the quarter, compared to the consensus estimate of $73.60 million.

UP Fintech Trading Up 2.1 %

Shares of UP Fintech stock traded up $0.20 during trading on Wednesday, hitting $9.89. The stock had a trading volume of 4,208,334 shares, compared to its average volume of 6,292,537. 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 simple moving average is $7.27 and its 200-day simple moving average is $6.55. UP Fintech has a 12 month low of $3.10 and a 12 month high of $14.48. The stock has a market cap of $1.83 billion, a PE ratio of 49.43 and a beta of 0.87.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TIGR shares. Bank of America assumed coverage on UP Fintech in a research note on Monday. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft started coverage on UP Fintech in a research report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price objective for the company. Finally, Citigroup raised shares of UP Fintech from a “sell” rating to a “neutral” rating and upped their target price for the company from $5.80 to $9.50 in a report on Wednesday.

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.