TIGR Shares Sink After Chinese Government Interferes

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.

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