TOP Financial Group (NASDAQ:TOP) Issues Earnings Results

TOP Financial Group (NASDAQ:TOP) announced its quarterly earnings data on Monday. The company reported ($0.02) EPS for the quarter, Zacks reports.

TOP Financial Group Trading Down 1.2%

Shares of TOP stock traded down $0.13 during trading hours on Monday, reaching $11.00. The company had a trading volume of 7,870 shares, compared to its average volume of 86,794. The business has a fifty day simple moving average of $9.35 and a 200-day simple moving average of $6.26. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.02. TOP Financial Group has a 12 month low of $3.06 and a 12 month high of $16.65.

Hedge Funds Weigh In On TOP Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. XTX Topco Ltd purchased a new stake in shares of TOP Financial Group during the fourth quarter valued at approximately $35,000. Virtu Financial LLC bought a new position in TOP Financial Group in the 3rd quarter valued at $42,000. Finally, Susquehanna International Group LLP increased 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 during the last quarter. Hedge funds and other institutional investors own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TOP. Weiss Ratings upgraded TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 16th. Wall Street Zen upgraded shares of TOP Financial Group to a “hold” rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

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.