UP Fintech Targets Unusually High Options Trading (NASDAQ:TIGR)
UP Fintech Holding Limited (NASDAQ:TIGR – Get Rating ) saw some unusual options trading on Friday. Investors bought 30,490 call options on the company. This is a 297% increase compared to the average volume of 7,679 calls.
UP Fintech Trading up 1.0%
UP Fintech stock traded up $0.04 during mid-day trading on Friday, reaching $3.87. The stock had a trading volume of 164,885 shares, compared to its average volume of 1,315,655. The company has a debt ratio of 1.18, a quick ratio of 1.18 and a debt ratio of 0.34. UP Fintech has a 12 month low of $2.68 and a 12 month high of $15.80. The stock has a market cap of $637.81 million, a PE ratio of -38.30 and a beta of 1.07. The stock has a 50 day simple moving average of $4.11 and a two hundred day simple moving average of $4.28.
UP Fintech (NASDAQ:TIGR – Get Rating) last posted its earnings results on Friday, May 10. June. The company reported ($0.04) EPS for the quarter. The business had a turnover of 52.63 million dollars in the quarter. UP Fintech had a negative return on equity of 3.66% and a negative net margin of 5.19%.
Analyst upgrades and downgrades
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A number of brokerages recently weighed in on TIGR. TheStreet cut shares of UP Fintech from a “c-” rating to a “d+” rating in a research note on Monday, July 11th. Daiwa Capital Markets upped their target price on shares of UP Fintech from $5.40 to $5.70 and gave the stock a “buy” rating in a research report on Monday, June 13th.
Institutional investors weigh in on UP Fintech
Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. purchased a new stake in shares of UP Fintech in the fourth quarter worth approximately $59,000. Profund Advisors LLC purchased a new stake in UP Fintech during the 4th quarter valued at approximately $354,000. Bank of America Corp DE raised its stake in UP Fintech by 41.4% in the 4th quarter. Bank of America Corp DE now owns 2,243,059 shares of the company’s stock worth $11,014,000 after acquiring an additional 656,305 shares during the last quarter. Ground Swell Capital LLC bought a new stake in shares of UP Fintech in the 4th quarter worth $57,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of UP Fintech by 12.9% during the 4th quarter. BNP Paribas Arbitrage SA now owns 303,934 shares of the company’s stock valued at $1,492,000 after purchasing an additional 34,677 shares during the last quarter. Institutional investors 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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