TOP Financial Group (NASDAQ:TOP) Trading 5.8% Higher – Still a Buy?

TOP Financial Group Limited (NASDAQ:TOP) shares traded up 5.8% during mid-day trading on Thursday . The company traded as high as $15.55 and last traded at $15.46. Approximately 22,626 shares were traded during mid-day trading, a decline of 75% from the average session volume of 90,644 shares. The stock had previously closed at $14.61.

Analyst Upgrades and Downgrades

Several analysts have commented on TOP shares. Wall Street Zen raised shares of TOP Financial Group to a “hold” rating in a research report on Saturday, July 25th. 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. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, TOP Financial Group has a consensus rating of “Sell”.

TOP Financial Group Trading Up 4.9%

The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.87 billion, a PE ratio of -766.25 and a beta of -1.08. The business has a fifty day moving average price of $12.18 and a 200 day moving average price of $7.47.

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

Institutional Trading of TOP Financial Group

Several hedge funds have recently made changes to their positions in TOP. Virtu Financial LLC acquired a new position in TOP Financial Group during the 3rd quarter worth approximately $42,000. XTX Topco Ltd acquired a new stake in TOP Financial Group in the fourth quarter valued at $35,000. Finally, Susquehanna International Group LLP boosted its position in shares of 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. Institutional investors and hedge funds own 0.26% of the company’s stock.

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.