TOP Financial Group (NASDAQ:TOP) Stock Price Down 4% – Here’s Why

TOP Financial Group Limited (NASDAQ:TOP)’s stock price fell 4% on Wednesday . The company traded as low as $0.88 and last traded at $0.9218. 80,182 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 95,172 shares. The stock had previously closed at $0.9601.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TOP Financial Group in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

TOP Financial Group Price Performance

The stock’s 50-day moving average price is $0.83 and its two-hundred day moving average price is $0.98.

Institutional Trading of TOP Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Susquehanna International Group LLP grew 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 valued at $67,000 after purchasing an additional 15,330 shares during the last quarter. Virtu Financial LLC purchased a new stake in TOP Financial Group during the 3rd quarter valued at about $42,000. Finally, XTX Topco Ltd purchased a new stake in TOP Financial Group during the 4th quarter valued at about $35,000. 0.26% of the stock is owned by hedge funds and other institutional investors.

About TOP Financial Group

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.