TOP Financial Group (NASDAQ:TOP) Shares Gap Down – Should You Sell?

TOP Financial Group Limited (NASDAQ:TOP) gapped down prior to trading on Wednesday . The stock had previously closed at $12.46, but opened at $12.12. TOP Financial Group shares last traded at $12.59, with a volume of 4,984 shares changing hands.

Wall Street Analyst Weigh In

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

TOP Financial Group Trading Up 4.9%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.54 and a current ratio of 2.65. The business has a 50 day moving average of $9.91 and a 200 day moving average of $6.46.

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

Institutional Investors Weigh In On TOP Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in shares of TOP Financial Group in the second quarter valued at approximately $1,035,000. XTX Topco Ltd acquired a new stake in TOP Financial Group during the fourth quarter worth approximately $35,000. Susquehanna International Group LLP boosted its position in 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 last quarter. Finally, Virtu Financial LLC acquired a new stake in TOP Financial Group during the third quarter worth approximately $42,000. 0.26% of the stock is currently owned by hedge funds and other 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. The company provides a range of futures products, such as index futures, forex futures, agricultural product futures, energy futures, and precious metal futures.