TOP Financial Group (NASDAQ:TOP) Shares Up 6.5% – Still a Buy?

TOP Financial Group Limited (NASDAQ:TOP)’s share price rose 6.5% during mid-day trading on Thursday . The stock traded as high as $11.56 and last traded at $11.55. Approximately 6,267 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 86,910 shares. The stock had previously closed at $10.84.

Analyst Ratings Changes

A number of equities research analysts have commented 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 report on Saturday, July 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

TOP Financial Group Price Performance

The business’s 50 day simple moving average is $9.35 and its 200-day simple moving average is $6.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.54 and a current ratio of 1.54.

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 firm had revenue of $0.73 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TOP. XTX Topco Ltd acquired a new position in TOP Financial Group in the 4th quarter worth about $35,000. Virtu Financial LLC acquired a new stake in shares of TOP Financial Group during the 3rd quarter valued at about $42,000. Finally, Susquehanna International Group LLP lifted 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 buying an additional 15,330 shares during the last quarter. Hedge funds and other institutional investors 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.