Citigroup Upgrades UP Fintech (NASDAQ:TIGR) to “Neutral”

UP Fintech (NASDAQ:TIGR) was upgraded by equities research analysts at Citigroup from a “sell” rating to a “neutral” rating in a research report issued on Wednesday,Briefing.com Automated Import reports.

Several other research analysts have also recently issued reports on TIGR. Bank of America assumed coverage on UP Fintech in a research report on Monday. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft initiated coverage on UP Fintech in a report on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price target for the company.

UP Fintech Price Performance

Shares of TIGR opened at $9.69 on Wednesday. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 48.45 and a beta of 0.87. The firm’s fifty day simple moving average is $7.27 and its 200-day simple moving average is $6.55. UP Fintech has a twelve month low of $3.10 and a twelve month high of $14.48. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30.

Institutional Trading of UP Fintech

Several institutional investors and hedge funds have recently made changes to their positions in TIGR. Tower Research Capital LLC TRC increased its position in UP Fintech by 527.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $30,000 after buying an additional 3,901 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of UP Fintech during the fourth quarter worth approximately $34,000. Deutsche Bank AG acquired a new position in shares of UP Fintech in the 4th quarter valued at $38,000. GAMMA Investing LLC raised its position in UP Fintech by 51.5% in the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock valued at $59,000 after purchasing an additional 3,105 shares during the last quarter. Finally, Tairen Capital Ltd acquired a new stake in UP Fintech during the 4th quarter worth $68,000. 9.03% of the stock is owned by hedge funds and other institutional investors.

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.