TOP Financial Group (NASDAQ:TOP) Sees Unusually-High Trading Volume – Time to Buy?

TOP Financial Group Limited (NASDAQ:TOP) saw an uptick in trading volume on Friday . Approximately 117,613 shares traded hands during trading, an increase of 33% from the previous session’s volume of 88,116 shares.The stock last traded at $14.93 and had previously closed at $15.42.

Analysts Set New Price Targets

TOP has been the topic of several analyst reports. 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 TOP Financial Group to a “hold” rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, TOP Financial Group currently has a consensus rating of “Sell”.

TOP Financial Group Price Performance

The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $10.80 and its 200-day moving average is $6.82. The stock has a market cap of $1.84 billion, a PE ratio of -755.50 and a beta of -1.12.

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

Institutional Investors Weigh In On TOP Financial Group

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new position in shares of TOP Financial Group during the second quarter worth about $1,035,000. Susquehanna International Group LLP increased its holdings in 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 buying an additional 15,330 shares during the last quarter. Virtu Financial LLC bought a new stake in TOP Financial Group in the third quarter valued at about $42,000. Finally, XTX Topco Ltd acquired a new stake in TOP Financial Group during the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds 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.