UP Fintech (NASDAQ:TIGR) Shares Gap Down – Time to Sell?

UP Fintech Holding Limited (NASDAQ:TIGR) shares gapped down before the market opened on Friday . The stock had previously closed at $5.84, but opened at $4.01. UP Fintech shares last traded at $4.3940, with a volume of 45,136,694 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a research report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.83.

UP Fintech Stock Performance

The company has a 50-day moving average price of $6.66 and a two-hundred day moving average price of $8.11. The stock has a market capitalization of $855.93 million, a P/E ratio of 4.97, a PEG ratio of 0.21 and a beta of 0.53. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.06.

UP Fintech (NASDAQ:TIGR) last announced its quarterly earnings results on Thursday, March 19th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. UP Fintech had a return on equity of 21.87% and a net margin of 28.82%.The firm had revenue of $156.54 million for the quarter, compared to analysts’ expectations of $142.01 million. Equities analysts expect that UP Fintech Holding Limited will post 0.78 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Citigroup Inc. increased its position in shares of UP Fintech by 2,580.9% in the third quarter. Citigroup Inc. now owns 1,077,258 shares of the company’s stock worth $11,494,000 after purchasing an additional 1,037,076 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of UP Fintech in the fourth quarter worth approximately $5,219,000. William Blair Investment Management LLC bought a new position in shares of UP Fintech in the third quarter worth approximately $3,792,000. Harvest Fund Management Co. Ltd bought a new position in shares of UP Fintech in the third quarter worth approximately $3,198,000. Finally, Maxi Investments CY Ltd bought a new position in shares of UP Fintech in the third quarter worth approximately $1,078,000. 9.03% of the stock is currently owned by institutional investors.

About UP Fintech

Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company’s primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.

Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.