TOP Financial Group (NASDAQ:TOP) Hits New 1-Year High - What's Next?

Key Points

• TOP Financial Group shares reached a new 52-week high, trading as high as $17.42 and closing the session at $16.73, up 8.5% from the prior close. The stock’s market capitalization reached approximately $2.04 billion.
• Analyst sentiment remains weak despite recent upgrades: Weiss Ratings moved the stock from “sell (e+)” to “sell (d-),” while Wall Street Zen assigned a “hold” rating. MarketBeat reports an average rating of “Sell.”
• The company reported a quarterly loss of $0.02 per share on $1.08 million in revenue. Institutional ownership remains very low at 0.26%, although several investment firms recently initiated or increased positions.

Shares of TOP Financial Group Limited (NASDAQ:TOP - Get Free Report) hit a new 52-week high during trading on Saturday . The company traded as high as $17.42 and last traded at $16.73, with a volume of 247048 shares trading hands. The stock had previously closed at $15.42.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Weiss Ratings upgraded TOP Financial Group from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, July 16th. Wall Street Zen upgraded TOP Financial Group to a "hold" rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of "Sell".

TOP Financial Group Trading Up 8.5%

The business has a 50 day simple moving average of $10.99 and a 200-day simple moving average of $6.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.65 and a current ratio of 2.65. The stock has a market capitalization of $2.04 billion, a P/E ratio of -836.50 and a beta of -1.12.

TOP Financial Group (NASDAQ:TOP - Get Free Report) last announced its quarterly earnings data on Monday, August 17th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $1.08 million during the quarter.

Institutional Investors Weigh In On TOP Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd bought a new position in shares of TOP Financial Group during the 4th quarter valued at about $35,000. Virtu Financial LLC acquired a new position in shares of TOP Financial Group in the 3rd quarter worth approximately $42,000. Susquehanna International Group LLP raised its holdings in shares of TOP Financial Group by 42.0% in the 3rd quarter. Susquehanna International Group LLP now owns 51,793 shares of the company's stock worth $67,000 after purchasing an additional 15,330 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of TOP Financial Group in the 2nd quarter worth approximately $1,035,000. 0.26% of the stock is owned by institutional investors and hedge funds.

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.

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