TOP Financial Group (NASDAQ:TOP) Stock Price Down 1.7% – Here’s What Happened

TOP Financial Group Limited (NASDAQ:TOP) shares fell 1.7% during trading on Thursday . The company traded as low as $1.10 and last traded at $1.18. 91,113 shares traded hands during trading, an increase of 112% from the average session volume of 42,922 shares. The stock had previously closed at $1.20.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of TOP Financial Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

TOP Financial Group Stock Down 2.5%

The business’s fifty day simple moving average is $1.15 and its 200 day simple moving average is $1.21.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TOP Financial Group stock. Virtu Financial LLC bought a new position in shares of TOP Financial Group Limited (NASDAQ:TOP) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 32,459 shares of the company’s stock, valued at approximately $42,000. Virtu Financial LLC owned 0.09% of TOP Financial Group as of its most recent SEC filing. 0.26% of the stock is owned by institutional investors.

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.