TOP Financial Group (NASDAQ:TOP) Shares Up 6.5% – Time to Buy?

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TOP. Wall Street Zen upgraded shares of TOP Financial Group to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings upgraded shares of 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, the stock currently has a consensus rating of “Sell”.

TOP Financial Group Trading Up 2.2%

The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $9.12 and its 200-day moving average price is $6.17.

TOP Financial Group (NASDAQ:TOP) last issued its quarterly earnings data on Tuesday, July 7th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $0.73 million during the quarter.

Institutional Trading of TOP Financial Group

Several institutional investors have recently added to or reduced their stakes in TOP. Susquehanna International Group LLP boosted its holdings in shares of TOP Financial Group by 42.0% in the third 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 during the period. Virtu Financial LLC bought a new stake in TOP Financial Group during the 3rd quarter valued at $42,000. Finally, XTX Topco Ltd bought a new stake in TOP Financial Group during the 4th quarter valued at $35,000. 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.