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TOP Financial Group (NASDAQ:TOP) Sees Strong Trading Volume - Here's Why

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Key Points

  • TOP Financial Group’s trading volume rose 33% to approximately 117,613 shares, while the stock fell to $14.93 from a prior close of $15.42.
  • Analyst sentiment remains negative: Wall Street Zen upgraded the stock to “hold,” but TOP retains a consensus “Sell” rating based on coverage from one analyst.
  • The company reported a quarterly loss of $0.02 per share on $1.08 million in revenue. Institutional ownership remains minimal at 0.26%, despite several investors recently initiating or increasing positions.
  • MarketBeat previews top five stocks to own in September.

TOP Financial Group Limited (NASDAQ:TOP - Get Free Report) saw unusually-high trading volume on Friday . Approximately 117,613 shares were traded during trading, an increase of 33% from the previous session's volume of 88,116 shares.The stock last traded at $14.93 and had previously closed at $15.42.

Analysts Set New Price Targets

TOP has been the topic of a number of recent analyst reports. Wall Street Zen upgraded 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 research note on Thursday, July 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Sell".

Get Our Latest Analysis on TOP Financial Group

TOP Financial Group Price Performance

The company has a 50-day simple moving average of $10.80 and a 200-day simple moving average of $6.82. The stock has a market cap of $1.84 billion, a PE ratio of -755.50 and a beta of -1.12. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.65 and a quick ratio of 2.65.

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

Institutional Investors Weigh In On TOP Financial Group

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new position in TOP Financial Group during the second quarter worth $1,035,000. XTX Topco Ltd acquired a new stake in shares of TOP Financial Group during the fourth quarter valued at $35,000. Susquehanna International Group LLP increased its position in 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 purchasing an additional 15,330 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in TOP Financial Group in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 0.26% of the company's stock.

About TOP Financial Group

(Get Free Report)

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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