TIGR Shares Sink After Chinese Government Interferes

By Naomi Wentworth • Friday, December 30 09:40 • Permanent Link

TIGR investors were likely spooked this morning by Reuters's report: "China regulator asks Futu and UP Fintech to stop soliciting..." For more coverage, read the full article here. On the back of this news, UP Fintech sank -20.3% to a price of $3.8.

UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company belongs to the Financial Services sector, which has an average price to earnings (P/E) ratio of 13.34 and an average price to book (P/B) ratio of 1.95. In contrast, UP Fintech has a trailing 12 month P/E ratio of 34.5 and a P/B ratio of 1.3.

UP Fintech has moved -2.9% over the last year compared to -19.2% for the S&P 500 -- a difference of 16.4%. UP Fintech has a 52 week high of $7.07 and a 52 week low of $2.68.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.