TheStreet cut shares off UP Fintech (NASDAQ: TIGR – Get rating) from a c-rating to a d + rating in a research report sent to investors on Monday, reports TheStreetRatingsTable.
Separately, Daiwa Capital Markets increased its target price on UP Fintech from $ 5.40 to $ 5.70 and gave the stock a buy rating in a research report on Monday 13 June.
The TIGR stock opened at $ 4.38 on Monday. The company has a market value of $ 721.87 million, a P / E ratio of -43.80 and a beta of 1.28. UP Fintech has a twelve-month low of $ 2.68 and a twelve-month high of $ 20.31. The company has a quick ratio of 1.18, a debt ratio of 1.18 and a debt ratio of 0.34. The company has a moving average of fifty days of $ 4.20 and a 200-day moving average of $ 4.41.
A number of hedge funds and other institutional investors have recently added to or reduced their holdings in TIGR. UBS Asset Management Americas Inc. increased its stake in UP Fintech by 20.8% in the third quarter. UBS Asset Management Americas Inc. now owns 216,077 shares in the company worth $ 2,288,000 after acquiring an additional 37,257 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in UP Fintech in the fourth quarter worth around $ 509,000. Envestnet Asset Management Inc. acquired a new position in UP Fintech in the fourth quarter worth around USD 59,000. Profund Advisors LLC acquired a new position in UP Fintech in the fourth quarter worth around $ 354,000. Finally, Bank of America Corp DE increased its holding in UP Fintech by 41.4% in the fourth quarter. Bank of America Corp DE now owns 2,243,059 shares of the company’s shares valued at $ 11,014,000 after acquiring an additional 656,305 shares during the period. Institutional investors and hedge funds own 12.44% of the company’s shares.
UP Fintech company profile (Get rating)
UP Fintech Holding Limited offers online brokerage services with a focus on Chinese investors. The company has developed a brokerage platform that allows investors to trade shares, options, warrants and other financial instruments that can be accessed via the APP and website. It offers brokerage and value-added services, including investor education, community engagement and IR platform; and account management services.
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