TOP Financial Group (NASDAQ:TOP) Shares Up 8.4% – Should You Buy?

TOP Financial Group Limited (NASDAQ:TOP – Get Free Report)’s share price shot up 8.4% during mid-day trading on Thursday. The stock traded as high as $11.83 and last traded at $11.74. Approximately 42,682 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 101,146 shares. The stock had previously closed at $10.83.

Analysts Set New Price Targets

A number of research analysts have weighed in on TOP shares. Wall Street Zen upgraded shares of TOP Financial Group to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings cut TOP Financial Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

Read Our Latest Research Report on TOP Financial Group

TOP Financial Group Price Performance

The stock has a market capitalization of $1.61 billion, a PE ratio of -662.50 and a beta of -0.82. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.01. The company’s 50 day simple moving average is $14.71 and its 200 day simple moving average is $8.70.

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

About TOP Financial Group

(Get Free Report)

TOP Financial Group Limited is a Hong Kong-based financial services company that operates primarily through its subsidiaries as an online brokerage. The company provides customers with access to securities and futures trading through digital platforms and related brokerage services.

Its business activities include securities dealing, futures contract trading, margin financing and other services associated with online investment accounts. TOP Financial Group serves individual and institutional clients, primarily in Hong Kong and the broader Asia-Pacific market, subject to the regulatory requirements applicable to its operations.

The company is incorporated in the Cayman Islands and conducts its principal operating activities through Hong Kong-based subsidiaries.

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