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TOP Financial Group (NASDAQ:TOP) Stock Falls 8.5% - Should You Sell?

TOP Financial Group logo with Finance background
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Key Points

  • TOP Financial Group shares fell 8.5% to approximately $14.30, with trading volume 33% below the average session volume.
  • Analyst sentiment remains negative: TOP has a consensus “Sell” rating, despite some firms recently upgrading their assessments to “Hold” or a less negative sell rating.
  • The company reported a quarterly loss of $0.02 per share on $1.08 million in revenue, while its stock trades at a negative price-to-earnings ratio and has a market capitalization of about $1.76 billion.
  • Five stocks we like better than TOP Financial Group.

TOP Financial Group Limited (NASDAQ:TOP - Get Free Report) shares traded down 8.5% during trading on Thursday. The stock traded as low as $15.28 and last traded at $14.3040. Approximately 65,149 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 96,613 shares. The stock had previously closed at $15.63.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TOP shares. 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 upgraded TOP Financial Group to a "hold" rating in a research note on Saturday, July 25th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, TOP Financial Group currently has a consensus rating of "Sell".

View Our Latest Research Report on TOP Financial Group

TOP Financial Group Price Performance

The firm has a 50-day simple moving average of $15.09 and a two-hundred day simple moving average of $8.47. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -731.25 and a beta of -0.98. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.02.

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

TOP Financial Group Company Profile

(Get Free Report)

TOP Financial Group Limited is a Hong Kong-based financial services company that operates primarily through its subsidiaries as an online brokerage. The company provides customers with access to securities and futures trading through digital platforms and related brokerage services.

Its business activities include securities dealing, futures contract trading, margin financing and other services associated with online investment accounts. TOP Financial Group serves individual and institutional clients, primarily in Hong Kong and the broader Asia-Pacific market, subject to the regulatory requirements applicable to its operations.

The company is incorporated in the Cayman Islands and conducts its principal operating activities through Hong Kong-based subsidiaries.

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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.

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