TOP Financial Group (NASDAQ:TOP) Trading Down 5.9% – Here’s What Happened

TOP Financial Group Limited (NASDAQ:TOPGet Free Report)’s stock price traded down 5.9% on Thursday . The company traded as low as $1.77 and last traded at $1.77. Approximately 75,877 shares were traded during mid-day trading, a decline of 64% from the average session volume of 212,398 shares. The stock had previously closed at $1.88.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TOP Financial Group in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Read Our Latest Research Report on TOP

TOP Financial Group Stock Down 5.9%

The stock has a 50 day moving average price of $1.08 and a 200 day moving average price of $1.01.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in TOP Financial Group in the fourth quarter worth about $35,000. Virtu Financial LLC acquired a new stake in TOP Financial Group in the 3rd quarter valued at about $42,000. Finally, Susquehanna International Group LLP boosted its position 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 purchasing an additional 15,330 shares in the last quarter. 0.26% of the stock is owned by institutional investors and hedge funds.

About TOP Financial Group

(Get Free Report)

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.

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