Top Wealth Group (NASDAQ:TWG) Trading Up 1.2% – Here’s What Happened

Shares of Top Wealth Group Holding Limited (NASDAQ:TWG) rose 1.2% on Monday . The company traded as high as $4.25 and last traded at $4.20. Approximately 342,678 shares changed hands during trading, a decline of 87% from the average daily volume of 2,624,402 shares. The stock had previously closed at $4.15.

Wall Street Analysts Forecast Growth

TWG has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Top Wealth Group from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Top Wealth Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Top Wealth Group has an average rating of “Sell”.

Top Wealth Group Price Performance

The business has a 50 day moving average price of $4.69 and a 200 day moving average price of $5.96.

Top Wealth Group (NASDAQ:TWG) last announced its earnings results on Tuesday, September 30th. The company reported $1.93 earnings per share for the quarter. The business had revenue of $2.08 million for the quarter.

Top Wealth Group Company Profile

Top Wealth Group Holding Limited, through its subsidiaries, provides caviar and caviar-based gourmet products in Hong Kong and internationally. The company also trades in caviars; and offers its products under the Imperial Cristal Caviar brand name. It serves food and beverage related distributors. The company was founded in 2009 and is based in Sai Wan, Hong Kong. Top Wealth Group Holding Limited operates as a subsidiary of Winwin Development Group Limited.