Go Pro

TOP Financial Group (NASDAQ:TOP) Shares Down 4.7% - Here's Why

TOP Financial Group logo with Finance background
Image from MarketBeat Media, LLC.

Key Points

  • TOP Financial Group shares fell 4.7% to $15.47 in midday trading, with volume down 80% from the average session.
  • Analyst sentiment remains negative: the stock carries an average “Sell” rating, despite one firm upgrading it to “Hold.”
  • The company reported a quarterly loss of $0.02 per share on $1.08 million in revenue; institutional investors own only 0.26% of its outstanding shares.
  • Interested in TOP Financial Group? Here are five stocks we like better.

TOP Financial Group Limited (NASDAQ:TOP - Get Free Report)'s stock price was down 4.7% during mid-day trading on Tuesday . The stock traded as low as $15.00 and last traded at $15.4710. 17,693 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 87,809 shares. The stock had previously closed at $16.24.

Wall Street Analyst Weigh In

TOP has been the subject of several analyst reports. Wall Street Zen upgraded shares of TOP Financial Group to a "hold" rating in a research note on Saturday, July 25th. 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. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell".

View Our Latest Analysis on TOP Financial Group

TOP Financial Group Trading Down 5.5%

The company has a 50-day simple moving average of $10.28 and a two-hundred day simple moving average of $6.61. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.02.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new stake in TOP Financial Group in the fourth quarter worth approximately $35,000. Virtu Financial LLC acquired a new position in shares of TOP Financial Group during the 3rd quarter valued at $42,000. Susquehanna International Group LLP raised its stake 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 buying an additional 15,330 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of TOP Financial Group in the second quarter valued at $1,035,000. 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.

Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Should You Invest $1,000 in TOP Financial Group Right Now?

Before you consider TOP Financial Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TOP Financial Group wasn't on the list.

While TOP Financial Group currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Don't Wait for the OpenAI IPO Cover

The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines