TOP Financial Group (NASDAQ:TOP) Stock Price Up 6.5% – Time to Buy?

TOP Financial Group Limited (NASDAQ:TOP) traded up 6.5% during trading on Thursday . The company traded as high as $11.56 and last traded at $11.55. Approximately 6,267 shares changed hands during trading, a decline of 93% from the average daily volume of 86,910 shares. The stock had previously closed at $10.84.

Analyst Ratings Changes

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

TOP Financial Group Price Performance

The stock’s fifty day simple moving average is $9.12 and its 200-day simple moving average is $6.17. 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 (NASDAQ:TOP) last posted its quarterly earnings results on Tuesday, July 7th. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $0.73 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in TOP Financial Group in the 4th quarter worth approximately $35,000. Virtu Financial LLC purchased a new position in shares of TOP Financial Group during the 3rd quarter valued at approximately $42,000. Finally, Susquehanna International Group LLP increased its holdings in shares of 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 purchasing an additional 15,330 shares in the last quarter. 0.26% of the stock is owned by institutional investors and hedge funds.

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.