TOP Financial Group (NASDAQ:TOP) Shares Up 5.8% – Here’s What Happened

TOP Financial Group Limited (NASDAQ:TOP)’s share price traded up 5.8% during trading on Thursday . The stock traded as high as $15.55 and last traded at $15.46. 22,626 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 90,644 shares. The stock had previously closed at $14.61.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TOP shares. Wall Street Zen raised TOP Financial Group to a “hold” rating in a research note on Saturday, July 25th. 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. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

TOP Financial Group Stock Performance

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 company has a market capitalization of $1.87 billion, a PE ratio of -766.25 and a beta of -1.08. The company has a 50-day moving average price of $12.18 and a two-hundred day moving average price of $7.47.

TOP Financial Group (NASDAQ:TOP) last posted its earnings results on Monday, August 17th. The company reported ($0.02) EPS for the quarter. The company had revenue of $1.08 million during the quarter.

Institutional Trading of TOP Financial Group

A number of hedge funds have recently modified their holdings of TOP. Susquehanna International Group LLP lifted its position in TOP Financial Group by 42.0% in the 3rd quarter. Susquehanna International Group LLP now owns 51,793 shares of the company’s stock valued at $67,000 after acquiring an additional 15,330 shares in the last quarter. XTX Topco Ltd bought a new stake in TOP Financial Group during the 4th quarter worth approximately $35,000. Finally, Virtu Financial LLC purchased a new position in shares of TOP Financial Group during the 3rd quarter valued at $42,000. Institutional investors own 0.26% of the company’s stock.

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.