UP Fintech (NASDAQ:TIGR – Get Free Report) released its earnings results on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06, reports. The firm had revenue of $124.10 million for the quarter, compared to analyst estimates of $73.60 million. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%.
UP Fintech Price Performance
Shares of TIGR traded up $0.28 on Wednesday, hitting $9.97. The company’s stock had a trading volume of 5,569,793 shares, compared to its average volume of 6,295,498. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $1.84 billion, a PE ratio of 49.83 and a beta of 0.87. The company has a 50 day moving average price of $7.27 and a 200 day moving average price of $6.55. UP Fintech has a fifty-two week low of $3.10 and a fifty-two week high of $14.48.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on TIGR shares. Bank of America assumed coverage on UP Fintech in a research report on Monday. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of UP Fintech in a research report on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price target on the stock. Finally, Citigroup raised UP Fintech from a “sell” rating to a “neutral” rating and upped their price target for the company from $5.80 to $9.50 in a report on Wednesday.
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 services.
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