TOP Financial Group (NASDAQ:TOP) Stock Price Down 6.7% – Here’s Why

TOP Financial Group Limited (NASDAQ:TOP) shares were down 6.7% during trading on Monday . The stock traded as low as $15.55 and last traded at $15.61. 96,899 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 89,602 shares. The stock had previously closed at $16.73.

Wall Street Analyst Weigh In

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

TOP Financial Group Stock Down 6.7%

The company has a market cap of $1.89 billion, a P/E ratio of -775.50 and a beta of -1.08. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average price of $11.35 and a 200 day moving average price of $7.05.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new position in shares of TOP Financial Group in the fourth quarter valued at approximately $35,000. Virtu Financial LLC acquired a new stake in shares of TOP Financial Group during the third quarter worth $42,000. Finally, Susquehanna International Group LLP raised its holdings in shares of TOP Financial Group by 42.0% during the third quarter. Susquehanna International Group LLP now owns 51,793 shares of the company’s stock worth $67,000 after acquiring an additional 15,330 shares during the period. 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.