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

Shares of TOP Financial Group Limited (NASDAQ:TOP) dropped 4.7% during trading on Tuesday . The stock traded as low as $15.00 and last traded at $15.4710. Approximately 17,693 shares were traded during trading, a decline of 80% from the average daily volume of 87,809 shares. The stock had previously closed at $16.24.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Weiss Ratings upgraded TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded TOP Financial Group to a “hold” rating in a research report on Saturday, July 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

TOP Financial Group Trading Down 3.2%

The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $10.63 and its 200 day moving average price is $6.75.

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

Institutional Investors Weigh In On TOP Financial Group

A number of institutional investors have recently modified their holdings of TOP. XTX Topco Ltd purchased a new stake in shares of TOP Financial Group in the 4th quarter valued at $35,000. Virtu Financial LLC purchased a new position in TOP Financial Group during the 3rd quarter valued at about $42,000. Susquehanna International Group LLP boosted its holdings in 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 acquiring an additional 15,330 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in TOP Financial Group in the 2nd quarter valued at about $1,035,000. 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.