TOP Financial Group (NASDAQ:TOP) Sees Large Volume Increase – Here’s Why

by · The Markets Daily

Shares of TOP Financial Group Limited (NASDAQ:TOP – Get Free Report) saw unusually-strong trading volume on Monday. 162,708 shares were traded during trading, an increase of 72% from the previous session’s volume of 94,410 shares. The stock last traded at $13.8530 and had previously closed at $13.42.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Weiss Ratings upgraded shares of TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a 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 analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

Read Our Latest Analysis on TOP Financial Group

TOP Financial Group Stock Up 1.6%

The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.02. The stock has a 50-day simple moving average of $14.65 and a 200-day simple moving average of $9.59. The firm has a market capitalization of $1.81 billion, a PE ratio of -745.50 and a beta of -0.98.

TOP Financial Group (NASDAQ:TOP – Get Free Report) last issued its earnings results on Monday, August 17th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $1.08 million during the quarter.

About TOP Financial Group

(Get Free Report)

TOP Financial Group Limited is a Hong Kong-based financial services company that operates primarily through its subsidiaries as an online brokerage. The company provides customers with access to securities and futures trading through digital platforms and related brokerage services.

Its business activities include securities dealing, futures contract trading, margin financing and other services associated with online investment accounts. TOP Financial Group serves individual and institutional clients, primarily in Hong Kong and the broader Asia-Pacific market, subject to the regulatory requirements applicable to its operations.

The company is incorporated in the Cayman Islands and conducts its principal operating activities through Hong Kong-based subsidiaries.

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