TOP Financial Group (NASDAQ:TOP) Trading Down 4.7% – Here’s What Happened

TOP Financial Group Limited (NASDAQ:TOP) fell 4.7% on Tuesday . The company traded as low as $15.00 and last traded at $15.4710. Approximately 17,693 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 87,809 shares. The stock had previously closed at $16.24.

Analyst Upgrades and Downgrades

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

TOP Financial Group Trading Down 5.5%

The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average price is $10.28 and its 200-day moving average price is $6.61.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TOP. Public Employees Retirement System of Ohio purchased a new stake in TOP Financial Group in the 2nd quarter worth about $1,035,000. XTX Topco Ltd acquired a new position in shares of TOP Financial Group in the 4th quarter valued at about $35,000. Susquehanna International Group LLP lifted 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 purchasing an additional 15,330 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of TOP Financial Group during the third quarter worth approximately $42,000. 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.