UP Fintech (NASDAQ:TIGR) Announces Earnings Results

UP Fintech (NASDAQ:TIGR) posted its earnings results on Tuesday. The company reported $0.17 earnings per share for the quarter, topping 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 company had revenue of $124.10 million during the quarter, compared to analyst estimates of $73.60 million.

UP Fintech Price Performance

NASDAQ TIGR opened at $9.70 on Wednesday. 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 stock’s fifty day moving average price is $7.27 and its 200 day moving average price is $6.55. UP Fintech has a 1 year low of $3.10 and a 1 year high of $14.48. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 48.44 and a beta of 0.87.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TIGR. Deutsche Bank Aktiengesellschaft began coverage on UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price objective for the company. Bank of America began coverage on UP Fintech in a report on Monday. They set a “buy” rating for the company. Finally, Citigroup upgraded UP Fintech from a “sell” rating to a “neutral” rating and increased their price objective 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.