TOP Financial Group (NASDAQ:TOP) Announces Earnings Results

TOP Financial Group (NASDAQ:TOP) released its earnings results on Monday. The company reported ($0.02) earnings per share for the quarter, Zacks reports.

TOP Financial Group Stock Performance

TOP Financial Group stock traded down $0.23 during mid-day trading on Monday, reaching $10.89. The company had a trading volume of 4,402 shares, compared to its average volume of 86,793. TOP Financial Group has a 52 week low of $3.06 and a 52 week high of $16.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.54 and a quick ratio of 1.54. The company has a 50 day moving average of $9.35 and a 200-day moving average of $6.26.

Institutional Trading of TOP Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd bought a new position in TOP Financial Group in the fourth quarter worth $35,000. Virtu Financial LLC acquired a new position in shares of TOP Financial Group in the 3rd quarter worth approximately $42,000. Finally, Susquehanna International Group LLP lifted 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 worth $67,000 after buying an additional 15,330 shares during the period. 0.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.