TOP Financial Group (NASDAQ:TOP) Stock Falls 10.6% – What’s Next?

Shares of TOP Financial Group Limited (NASDAQ:TOP) were down 10.6% during trading on Thursday. The company traded as low as $13.59 and last traded at $13.3840. Approximately 232,561 shares traded hands during mid-day trading, an increase of 150% from the average session volume of 93,074 shares. The stock had previously closed at $14.97.

Analysts Set New Price Targets

A number of brokerages have recently commented on TOP. Wall Street Zen raised shares of TOP Financial Group to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings raised shares of TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

TOP Financial Group Stock Performance

The company has a market cap of $1.63 billion, a PE ratio of -661.75 and a beta of -0.98. The business’s 50-day moving average is $14.44 and its 200 day moving average is $9.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.65 and a current ratio of 2.65.

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

TOP Financial Group Company Profile

TOP Financial Group Limited is a financial services holding company that provides online brokerage and related services through its operating subsidiaries, primarily in Hong Kong. The company’s platform is designed to give clients access to securities and futures markets through electronic trading systems.

Its services include securities brokerage, futures brokerage, margin financing, and related investment services. TOP Financial Group serves individual and institutional customers, with offerings that may include trading in Hong Kong-listed securities and other market products.