TOP Financial Group (NASDAQ:TOP) Trading 5.8% Higher – What’s Next?
by Scott Moore · The Cerbat GemShares of TOP Financial Group Limited (NASDAQ:TOP – Get Free Report) shot up 5.8% during mid-day trading on Thursday . The company traded as high as $15.55 and last traded at $15.46. 22,626 shares changed hands during trading, a decline of 75% from the average daily volume of 90,644 shares. The stock had previously closed at $14.61.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on TOP shares. Weiss Ratings raised TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of TOP Financial Group to a “hold” rating in a research note on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.
Get Our Latest Stock Report on TOP Financial Group
TOP Financial Group Stock Down 2.1%
The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average is $12.41 and its 200 day moving average is $7.59. The stock has a market cap of $1.78 billion, a P/E ratio of -731.50 and a beta of -1.08.
TOP Financial Group (NASDAQ:TOP – Get Free Report) last issued its quarterly earnings results on Monday, August 17th. The company reported ($0.02) EPS for the quarter. The business had revenue of $1.08 million during the quarter.
Institutional Trading of TOP Financial Group
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd bought a new position in shares of TOP Financial Group during the 4th quarter worth about $35,000. Susquehanna International Group LLP grew its position in TOP Financial Group by 42.0% during the third quarter. Susquehanna International Group LLP now owns 51,793 shares of the company’s stock worth $67,000 after buying an additional 15,330 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in TOP Financial Group during the third quarter worth about $42,000. 0.26% of the stock is currently owned by institutional investors and hedge funds.
TOP Financial Group Company Profile
TOP Financial Group Limited, through its subsidiaries, operates as an online brokerage company in Hong Kong. It is involved in the trading of local and overseas equities, futures, and options products; and the provision of brokerage and value-added services, including trade order placement and execution, account management, and customer support services. The company provides a range of futures products, such as index futures, forex futures, agricultural product futures, energy futures, and precious metal futures.