UP Fintech (NASDAQ:TIGR) Shares Gap Down to $5.28

Shares of UP Fintech Holding Limited (NASDAQ:TIGR) gapped down before the market opened on Monday . The stock had previously closed at $5.28, but opened at $5.13. UP Fintech shares last traded at $5.07, with a volume of 173,546 shares trading hands.

Wall Street Analysts Forecast Growth

TIGR has been the subject of a number of research analyst reports. TheStreet raised shares of UP Fintech from a “d+” rating to a “c-” rating in a research report on Friday, July 28th. Citigroup upped their price objective on shares of UP Fintech from $6.32 to $7.37 in a research report on Wednesday, August 30th. Finally, Daiwa Capital Markets raised shares of UP Fintech from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 5th.

UP Fintech Price Performance

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The stock has a market cap of $843.83 million, a price-to-earnings ratio of 32.13 and a beta of 1.34. The company’s 50-day moving average is $3.96 and its 200-day moving average is $3.36.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of UP Fintech by 5.6% during the third quarter. BlackRock Inc. now owns 2,049,388 shares of the company’s stock worth $6,742,000 after buying an additional 107,812 shares in the last quarter. State Street Corp grew its stake in shares of UP Fintech by 3.8% during the second quarter. State Street Corp now owns 788,356 shares of the company’s stock valued at $2,239,000 after purchasing an additional 28,948 shares during the last quarter. BNP Paribas Arbitrage SNC grew its stake in shares of UP Fintech by 110.1% during the third quarter. BNP Paribas Arbitrage SNC now owns 334,215 shares of the company’s stock valued at $1,100,000 after purchasing an additional 175,139 shares during the last quarter. Credit Suisse AG grew its stake in shares of UP Fintech by 5.6% during the second quarter. Credit Suisse AG now owns 217,808 shares of the company’s stock valued at $1,025,000 after purchasing an additional 11,645 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of UP Fintech by 4.5% during the first quarter. Geode Capital Management LLC now owns 171,707 shares of the company’s stock valued at $572,000 after purchasing an additional 7,405 shares during the last quarter. Institutional investors and hedge funds own 3.93% 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; and account management services.