TOP Financial Group Shares Scheduled to Reverse Split on Monday, August 3rd (NASDAQ:TOP)

TOP Financial Group Limited (NASDAQ:TOP) shares are going to reverse split on Monday, August 3rd. The 1-5 reverse split was announced on Thursday, July 30th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, July 31st.

TOP Financial Group Trading Down 0.9%

Shares of NASDAQ:TOP traded down $0.02 on Thursday, hitting $2.09. 657,389 shares of the company traded hands, compared to its average volume of 428,326. The stock has a 50 day simple moving average of $1.58 and a 200-day simple moving average of $1.15. 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 has a 52 week low of $0.61 and a 52 week high of $3.33.

TOP Financial Group (NASDAQ:TOP) last released its quarterly earnings data on Tuesday, July 7th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $0.73 million for the quarter.

Analyst Ratings Changes

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

Institutional Investors Weigh In On TOP Financial Group

A number of hedge funds have recently made changes to their positions in TOP. Virtu Financial LLC bought a new stake in shares of TOP Financial Group in the 3rd quarter worth about $42,000. Susquehanna International Group LLP lifted 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 acquiring an additional 15,330 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of TOP Financial Group in the 4th quarter valued at about $35,000. 0.26% of the stock is currently owned by hedge funds and other 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.