TOP Financial Group (NASDAQ:TOP) Shares Gap Up – Still a Buy?

Shares of TOP Financial Group Limited (NASDAQ:TOP) gapped up before the market opened on Tuesday . The stock had previously closed at $11.13, but opened at $11.41. TOP Financial Group shares last traded at $11.72, with a volume of 902 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TOP shares. Wall Street Zen raised shares of TOP Financial Group to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings raised shares of TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, TOP Financial Group has a consensus rating of “Sell”.

TOP Financial Group Price Performance

The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average price of $9.47 and a 200 day moving average price of $6.30.

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

Institutional Investors Weigh In On TOP Financial Group

Several large investors have recently added to or reduced their stakes in TOP. Public Employees Retirement System of Ohio bought a new stake in TOP Financial Group in the second quarter valued at $1,035,000. XTX Topco Ltd bought a new position in shares of TOP Financial Group during the fourth quarter worth about $35,000. Susquehanna International Group LLP grew its position in shares of 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 acquiring an additional 15,330 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of TOP Financial Group in the 3rd quarter worth about $42,000. 0.26% of the stock is 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.