TOP Financial Group (NASDAQ:TOP) Shares Gap Up – Here’s Why

TOP Financial Group Limited (NASDAQ:TOP) shares gapped up prior to trading on Tuesday . The stock had previously closed at $11.13, but opened at $11.41. TOP Financial Group shares last traded at $11.72, with a volume of 902 shares trading hands.

Wall Street Analysts Forecast Growth

TOP has been the topic of several analyst reports. Weiss Ratings upgraded TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a 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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, TOP Financial Group has a consensus rating of “Sell”.

TOP Financial Group Stock Up 1.6%

The company’s 50-day moving average price is $9.47 and its two-hundred day moving average price is $6.30. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.54 and a quick ratio of 1.54.

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

Institutional Trading of TOP Financial Group

Several institutional investors and hedge funds have recently bought and sold shares of TOP. XTX Topco Ltd acquired a new position in shares of TOP Financial Group in the 4th quarter worth approximately $35,000. Virtu Financial LLC bought a new stake in shares of TOP Financial Group in the 3rd quarter valued at approximately $42,000. Susquehanna International Group LLP raised 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 valued at $67,000 after acquiring an additional 15,330 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of TOP Financial Group during the 2nd quarter valued at approximately $1,035,000. 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.