TOP Financial Group (NASDAQ:TOP) Stock Price Down 4% – What’s Next?

Shares of TOP Financial Group Limited (NASDAQ:TOP) dropped 4% during mid-day trading on Thursday . The stock traded as low as $2.12 and last traded at $2.18. Approximately 234,778 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 498,767 shares. The stock had previously closed at $2.27.

Analysts Set New Price Targets

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

TOP Financial Group Stock Up 0.5%

The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average is $1.51 and its 200 day moving average is $1.13.

TOP Financial Group (NASDAQ:TOP) last issued its earnings results on Tuesday, July 7th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $0.73 million for the quarter.

Hedge Funds Weigh In On TOP Financial Group

Several hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd bought a new stake in shares of TOP Financial Group during the fourth quarter valued at about $35,000. Virtu Financial LLC purchased a new position in TOP Financial Group during the third quarter valued at approximately $42,000. Finally, Susquehanna International Group LLP grew its stake in TOP Financial Group by 42.0% during the third 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 in the last quarter. 0.26% of the stock is currently owned by hedge funds and other institutional investors.

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.