TOP Financial Group (NASDAQ:TOP) Shares Up 12.8% – Time to Buy?

TOP Financial Group Limited (NASDAQ:TOP) shares traded up 12.8% during mid-day trading on Monday . The company traded as high as $15.74 and last traded at $15.9450. 101,285 shares traded hands during trading, an increase of 16% from the average session volume of 87,627 shares. The stock had previously closed at $14.13.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TOP shares. Wall Street Zen raised shares of TOP Financial Group to a “hold” rating in a 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 report on Thursday, July 16th. One equities 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 Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 2.65 and a quick ratio of 2.65. The stock’s 50-day moving average is $10.08 and its two-hundred day moving average is $6.53.

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

Institutional Trading of TOP Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in shares of TOP Financial Group during the fourth quarter valued at $35,000. Virtu Financial LLC bought a new stake in TOP Financial Group during the 3rd quarter valued at about $42,000. Susquehanna International Group LLP boosted its position in TOP Financial Group by 42.0% in the 3rd quarter. Susquehanna International Group LLP now owns 51,793 shares of the company’s stock valued at $67,000 after buying an additional 15,330 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in TOP Financial Group in the 2nd quarter valued at about $1,035,000. Hedge funds and other institutional investors own 0.26% of the company’s stock.

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.