UP Fintech (NASDAQ:TIGR) Posts Earnings Results, Beats Estimates By $0.06 EPS

UP Fintech (NASDAQ:TIGR) announced its quarterly earnings results on Tuesday. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $124.10 million during the quarter, compared to analysts’ expectations of $73.60 million.

UP Fintech Trading Down 0.3 %

UP Fintech stock opened at $9.66 on Thursday. The stock has a market cap of $1.78 billion, a PE ratio of 48.30 and a beta of 0.87. The stock has a 50-day moving average price of $7.33 and a 200 day moving average price of $6.57. UP Fintech has a 52 week low of $3.10 and a 52 week 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.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. 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 assumed coverage on UP Fintech in a research report on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price target for the company. Finally, Citigroup upgraded UP Fintech from a “sell” rating to a “neutral” rating and raised their price target for the company from $5.80 to $9.50 in a research 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.