TOP Financial Group (NASDAQ:TOP) Shares Gap Down – Time to Sell?

Shares of TOP Financial Group Limited (NASDAQ:TOP) gapped down before the market opened on Wednesday . The stock had previously closed at $12.46, but opened at $12.12. TOP Financial Group shares last traded at $12.59, with a volume of 4,984 shares changing hands.

Analysts Set New Price Targets

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

TOP Financial Group Stock Up 4.9%

The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average is $9.61 and its two-hundred day moving average is $6.36.

TOP Financial Group (NASDAQ:TOP) last announced its quarterly earnings data on Monday, August 17th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $1.08 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new stake in shares of TOP Financial Group in the 2nd quarter valued at $1,035,000. Virtu Financial LLC acquired a new position in TOP Financial Group during the third quarter worth $42,000. XTX Topco Ltd acquired a new position in TOP Financial Group during the fourth quarter worth $35,000. Finally, Susquehanna International Group LLP raised its holdings in TOP Financial Group by 42.0% during the third 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 in the last quarter. Institutional investors and hedge funds own 0.26% of the company’s stock.

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.