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TOP Financial Group (NASDAQ:TOP) Shares Gap Down - Time to Sell?

TOP Financial Group logo with Finance background
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Key Points

  • TOP Financial Group shares opened lower, falling from a prior close of $12.46 to $12.12 before trading at $12.59 on relatively light volume.
  • Analyst sentiment remains negative: although some ratings were upgraded, the stock has a consensus “Sell” rating from the one analyst covering it.
  • 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%, despite some hedge funds recently initiating or increasing positions.
  • Five stocks to consider instead of TOP Financial Group.

TOP Financial Group Limited (NASDAQ:TOP - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $12.46, but opened at $12.12. TOP Financial Group shares last traded at $12.59, with a volume of 4,984 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TOP. Weiss Ratings upgraded 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 shares of TOP Financial Group to a "hold" rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of "Sell".

Get Our Latest Stock Report on TOP Financial Group

TOP Financial Group Stock Up 4.9%

The stock has a 50-day simple moving average of $9.61 and a 200-day simple moving average of $6.36. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.54 and a current ratio of 1.54.

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

Institutional Trading of TOP Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in TOP. Virtu Financial LLC acquired a new stake in shares of TOP Financial Group in the 3rd quarter worth approximately $42,000. Susquehanna International Group LLP increased its stake in shares of TOP Financial Group by 42.0% during the third quarter. Susquehanna International Group LLP now owns 51,793 shares of the company's stock valued at $67,000 after acquiring an additional 15,330 shares during the period. XTX Topco Ltd acquired a new position in shares of TOP Financial Group during the fourth quarter valued at approximately $35,000. Finally, Public Employees Retirement System of Ohio bought a new stake in TOP Financial Group during the second quarter worth approximately $1,035,000. 0.26% of the stock is currently owned by institutional investors.

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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