TOP Financial Group (NASDAQ:TOP) Stock Price Down 4% – Should You Sell?

TOP Financial Group Limited (NASDAQ:TOP)’s share price traded down 4% during mid-day trading on Thursday . The stock traded as low as $2.12 and last traded at $2.18. Approximately 234,778 shares were traded during mid-day trading, a decline of 53% from the average session volume of 498,767 shares. The stock had previously closed at $2.27.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

TOP Financial Group Stock Down 4.0%

The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average price of $1.48 and a two-hundred day moving average price of $1.12.

TOP Financial Group (NASDAQ:TOP) last announced its earnings results on Tuesday, July 7th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $0.73 million during the quarter.

Hedge Funds Weigh In On TOP Financial Group

Several hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in TOP Financial Group during the third quarter valued at approximately $42,000. XTX Topco Ltd bought a new stake in TOP Financial Group during the fourth quarter worth approximately $35,000. Finally, Susquehanna International Group LLP grew its position in TOP Financial Group by 42.0% in the third 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 during the last quarter. Institutional investors and hedge funds own 0.26% of the company’s stock.

TOP Financial Group Company Profile

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.