UP Fintech Sees Unusually High Options Volume (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR – Get Rating) was the target of some unusual options trading activity on Tuesday. Investors acquired 24,440 call options on the stock. This is an increase of approximately 246% compared to the average volume of 7,070 call options.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TIGR shares. TheStreet cut shares of UP Fintech from a “c-” rating to a “d+” rating in a report on Monday, July 11th. DBS Vickers began coverage on shares of UP Fintech in a report on Monday. They set a “buy” rating for the company.

Hedge Funds Weigh In On UP Fintech

Several institutional investors have recently added to or reduced their stakes in TIGR. Advisor Group Holdings Inc. lifted its holdings in UP Fintech by 54.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 11,040 shares of the company’s stock worth $54,000 after buying an additional 3,900 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of UP Fintech in the second quarter worth $57,000. Cetera Investment Advisers raised its holdings in shares of UP Fintech by 31.0% during the first quarter. Cetera Investment Advisers now owns 19,000 shares of the company’s stock worth $93,000 after acquiring an additional 4,500 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of UP Fintech during the second quarter worth $94,000. Finally, Northern Trust Corp bought a new position in UP Fintech during the second quarter valued at about $159,000. 4.63% of the stock is currently owned by institutional investors and hedge funds.

UP Fintech Stock Performance

Shares of TIGR opened at $3.52 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.19 and a current ratio of 1.19. UP Fintech has a 1 year low of $2.68 and a 1 year high of $10.80. The stock has a market capitalization of $580.13 million, a PE ratio of 88.02 and a beta of 1.07. The stock has a 50-day simple moving average of $3.52 and a 200-day simple moving average of $3.92.

UP Fintech (NASDAQ:TIGR – Get Rating) last released its earnings results on Wednesday, September 7th. The company reported ($0.01) earnings per share (EPS) for the quarter. UP Fintech had a net margin of 3.66% and a negative return on equity of 2.06%. The company had revenue of $53.48 million during the quarter.

UP Fintech Company Profile

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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; and account management services.

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