TOP Financial Group (NASDAQ:TOP) Releases Quarterly Earnings Results

TOP Financial Group (NASDAQ:TOP) issued its quarterly earnings results on Monday. The company reported ($0.02) earnings per share for the quarter, Zacks reports.

TOP Financial Group Stock Down 2.1%

TOP Financial Group stock traded down $0.23 during mid-day trading on Monday, hitting $10.89. The company’s stock had a trading volume of 4,402 shares, compared to its average volume of 86,793. TOP Financial Group has a twelve month low of $3.06 and a twelve month high of $16.65. The stock’s fifty day moving average price is $9.35 and its two-hundred day moving average price is $6.26. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.02.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On TOP Financial Group

Several hedge funds have recently made changes to their positions in TOP. Virtu Financial LLC purchased a new position in TOP Financial Group during the 3rd quarter worth approximately $42,000. Susquehanna International Group LLP boosted 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 worth $67,000 after buying an additional 15,330 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of TOP Financial Group in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 0.26% of the company’s stock.

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.