TOP Financial Group (NASDAQ:TOP) Upgraded by Wall Street Zen to Hold Rating

TOP Financial Group (NASDAQ:TOP) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

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

TOP Financial Group Stock Up 0.5%

Shares of NASDAQ TOP opened at $2.19 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.02. TOP Financial Group has a 1-year low of $0.61 and a 1-year high of $3.33. The company has a fifty day moving average price of $1.51 and a 200 day moving average price of $1.13.

TOP Financial Group (NASDAQ:TOP) last released its 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

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

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.