UP Fintech (NASDAQ:TIGR) Now covered by analysts at DBS Vickers
Analysts at DBS Vickers assumed coverage on shares of UP Fintech (NASDAQ:TIGR – Get Rating) in a research note issued on Monday, reports The Fly. The firm set a “buy” rating on the stock.
Separately, TheStreet downgraded shares of UP Fintech from a “c-” rating to a “d+” rating in a report on Monday, July 11th.
UP Fintech share down 11.3%
TIGR stock opened at $3.23 on Monday. The firm’s 50-day simple moving average is $3.53 and its 200-day simple moving average is $3.94. The company has a market cap of $532.34 million, a P/E ratio of 80.77 and a beta of 1.07. The company has a debt ratio of 0.35, a gearing ratio of 1.19 and a quick ratio of 1.19. UP Fintech has a 12 month low of $2.68 and a 12 month high of $10.80.
UP Fintech (NASDAQ:TIGR – Get Rating) last released its quarterly earnings data on Wednesday, September 7th. The company reported ($0.01) EPS for the quarter. The business had a turnover of 53.48 million dollars during the quarter. UP Fintech had a net margin of 3.66% and a negative return on equity of 2.06%.
Institutional trading with UP Fintech
A number of hedge funds have recently increased or decreased their holdings in the company. Advisor Group Holdings Inc. boosted its position in shares of UP Fintech by 54.6% in the first quarter. Advisor Group Holdings Inc. now owns 11,040 shares of the company’s stock valued at $54,000 after purchasing an additional 3,900 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in shares of UP Fintech in the second quarter valued at about $57,000. Cetera Investment Advisers boosted its position in shares of UP Fintech by 31.0% in the first quarter. Cetera Investment Advisers now owns 19,000 shares of the company’s stock valued at $93,000 after buying an additional 4,500 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of UP Fintech in the second quarter valued at about $94,000. Finally, Northern Trust Corp bought a new stake in shares of UP Fintech in the second quarter valued at about $159,000. 4.63% of the share is owned by hedge funds and other institutional investors.
About UP Fintech
(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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