UP Fintech (NASDAQ:TIGR) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

UP Fintech (NASDAQ:TIGR) issued its quarterly earnings results on Tuesday. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.06, reports. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The firm had revenue of $124.10 million during the quarter, compared to the consensus estimate of $73.60 million.

UP Fintech Price Performance

UP Fintech stock opened at $9.66 on Thursday. UP Fintech has a one year low of $3.10 and a one year high of $14.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The business has a fifty day moving average of $7.33 and a two-hundred day moving average of $6.57. The company has a market cap of $1.78 billion, a P/E ratio of 48.30 and a beta of 0.87.

Wall Street Analyst Weigh In

TIGR has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price target for the company. Bank of America initiated coverage on UP Fintech in a report on Monday. They set a “buy” rating for the company. Finally, Citigroup raised UP Fintech from a “sell” rating to a “neutral” rating and increased their price target for the stock from $5.80 to $9.50 in a report on Wednesday.

About UP Fintech

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.