TOP Financial Group (NASDAQ:TOP) Stock Price Down 10.7% – What’s Next?

Shares of TOP Financial Group Limited (NASDAQ:TOP) were down 10.7% on Tuesday. The company traded as low as $14.13 and last traded at $14.11. 123,367 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 102,795 shares. The stock had previously closed at $15.80.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of TOP Financial Group to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings lowered shares of TOP Financial Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, November 2nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

TOP Financial Group Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.20 and a current ratio of 3.20. The company has a market cap of $1.73 billion, a P/E ratio of -712.50 and a beta of -0.82. The stock’s fifty day moving average price is $14.69 and its two-hundred day moving average price is $8.76.

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

About TOP Financial Group

TOP Financial Group Limited is a financial services holding company that provides online brokerage services through its subsidiaries. Its offerings include securities brokerage and futures brokerage, serving individual and institutional clients. The company’s operations are based in Hong Kong, where its subsidiaries are licensed to provide financial services. Its trading services cover securities and futures markets, including markets in Hong Kong and the United States. Previously known as Zhong Yang Financial Group Limited, the company adopted the TOP Financial Group name in 2022.