TOP Financial Group (NASDAQ:TOP) Stock Price Down 6.2% – Should You Sell?

TOP Financial Group Limited (NASDAQ:TOP)’s share price was down 6.2% during mid-day trading on Wednesday . The stock traded as low as $11.13 and last traded at $11.30. 51,943 shares traded hands during trading, a decline of 40% from the average session volume of 87,080 shares. The stock had previously closed at $12.05.

Analyst Ratings Changes

Several brokerages have recently weighed in on TOP. Weiss Ratings upgraded TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded 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, the company has a consensus rating of “Sell”.

TOP Financial Group Stock Down 6.6%

The company’s 50-day moving average price is $9.01 and its two-hundred day moving average price is $6.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.54 and a quick ratio of 1.54.

TOP Financial Group (NASDAQ:TOP) last issued its quarterly earnings results on Tuesday, July 7th. The company reported ($0.10) EPS for the quarter. The firm had revenue of $0.73 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of TOP Financial Group in the 3rd quarter valued at approximately $42,000. XTX Topco Ltd acquired a new position in shares of TOP Financial Group in the 4th quarter valued at about $35,000. Finally, Susquehanna International Group LLP boosted its holdings in shares of 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 buying an additional 15,330 shares during the period. Institutional investors and hedge funds own 0.26% of the company’s stock.

About TOP Financial Group

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.