TOP Financial Group (NASDAQ:TOP) Stock Price Up 12.8% – Here’s Why

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

Wall Street Analyst Weigh In

TOP has been the subject of a number of research reports. Wall Street Zen upgraded 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 report on Thursday, July 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

TOP Financial Group Price 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 company has a 50 day moving average price of $10.46 and a 200 day moving average price of $6.68.

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

Institutional Investors Weigh In On TOP Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. XTX Topco Ltd bought a new position in shares of TOP Financial Group in the 4th quarter worth $35,000. Virtu Financial LLC acquired a new position in TOP Financial Group during the third quarter worth $42,000. Susquehanna International Group LLP lifted its stake in shares of 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 in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of TOP Financial Group in the second quarter valued at $1,035,000. 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.