TOP Financial Group (NASDAQ:TOP) Posts Earnings Results

TOP Financial Group (NASDAQ:TOP) posted its quarterly earnings results on Monday. The company reported ($0.02) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $1.08 million for the quarter.

TOP Financial Group Stock Performance

NASDAQ TOP opened at $12.46 on Wednesday. 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 twelve month low of $3.06 and a twelve month high of $16.65. The business’s fifty day moving average is $9.61 and its 200 day moving average is $6.36.

Hedge Funds Weigh In On TOP Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in shares of TOP Financial Group during the fourth quarter valued at about $35,000. Virtu Financial LLC acquired a new position in shares of TOP Financial Group in the third quarter valued at approximately $42,000. Finally, Susquehanna International Group LLP raised its holdings in 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 buying an additional 15,330 shares during the last quarter. Institutional investors and hedge funds own 0.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TOP shares. Weiss Ratings upgraded 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 research note on Saturday, July 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

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.