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

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

UP Fintech Trading Up 2.1 %

TIGR stock traded up $0.20 during midday trading on Wednesday, hitting $9.89. 4,208,334 shares of the company’s stock were exchanged, compared to its average volume of 6,292,537. The business has a 50-day simple moving average of $7.27 and a two-hundred day simple moving average of $6.55. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1.83 billion, a PE ratio of 49.43 and a beta of 0.87. UP Fintech has a 1-year low of $3.10 and a 1-year high of $14.48.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TIGR. Citigroup upgraded shares of 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. Bank of America initiated coverage on UP Fintech in a research note on Monday. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of UP Fintech in a research note on Thursday, January 2nd. They set a “buy” rating and a $9.40 target price for the company.

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.