TOP Financial Group (NASDAQ:TOP) Trading Down 4% – What’s Next?

Shares of TOP Financial Group Limited (NASDAQ:TOP) were down 4% on Thursday . The company traded as low as $2.12 and last traded at $2.18. 234,778 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 498,767 shares. The stock had previously closed at $2.27.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, TOP Financial Group has a consensus rating of “Sell”.

TOP Financial Group Stock Performance

The firm has a 50-day moving average of $1.48 and a 200 day moving average of $1.12. 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 announced its quarterly earnings results on Tuesday, July 7th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $0.73 million during the quarter.

Institutional Investors Weigh In On TOP Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in TOP Financial Group in the third quarter worth about $42,000. Susquehanna International Group LLP increased its stake in TOP Financial Group by 42.0% during 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. Finally, XTX Topco Ltd acquired a new position in TOP Financial Group during the 4th quarter valued at about $35,000. 0.26% of the stock is currently owned by institutional investors.

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.