TOP Financial Group Stock Set to Reverse Split on Monday, August 3rd (NASDAQ:TOP)

Shares of TOP Financial Group Limited (NASDAQ:TOP) are scheduled to reverse split on Monday, August 3rd. The 1-5 reverse split was announced on Thursday, July 30th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, July 31st.

TOP Financial Group Price Performance

TOP traded down $0.02 during trading on Thursday, hitting $2.09. 657,389 shares of the company traded hands, compared to its average volume of 428,326. The stock’s 50-day simple moving average is $1.60 and its two-hundred day simple moving average is $1.16. TOP Financial Group has a 1 year low of $0.61 and a 1 year high of $3.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.54 and a current ratio of 1.54.

TOP Financial Group (NASDAQ:TOP) last announced its quarterly earnings results on Tuesday, July 7th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $0.73 million for the quarter.

Analysts Set New Price Targets

TOP has been the topic of several research reports. Wall Street Zen raised TOP Financial Group to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings upgraded TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Hedge Funds Weigh In On TOP Financial Group

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in shares of TOP Financial Group in the 3rd quarter worth about $42,000. Susquehanna International Group LLP raised its position in shares of TOP Financial Group by 42.0% during the 3rd 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, XTX Topco Ltd bought a new position in shares of TOP Financial Group in the 4th quarter valued at about $35,000. 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.