Top Wealth Group (NASDAQ:TWG) Raised to “Sell” at Wall Street Zen

Top Wealth Group (NASDAQ:TWG) was upgraded by equities researchers at Wall Street Zen to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Top Wealth Group in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Top Wealth Group Price Performance

NASDAQ:TWG opened at $3.00 on Friday. Top Wealth Group has a 52-week low of $2.90 and a 52-week high of $2,636.00. The business’s 50-day moving average price is $24.61 and its 200 day moving average price is $236.64.

Top Wealth Group (NASDAQ:TWG) last issued its earnings results on Wednesday, August 19th. The company reported $6.00 earnings per share (EPS) for the quarter. The firm had revenue of $3.07 million during the quarter.

About Top Wealth Group

Top Wealth Group Holding Limited is a Hong Kong-based holding company engaged in the distribution of premium cigars. Through its operating subsidiaries, the company supplies cigars and related tobacco products to customers in the premium cigar market.

The company’s activities primarily focus on sourcing and distributing premium cigar products for sale through specialty retailers and other commercial channels. Its business serves the Hong Kong market and may include relationships with cigar distributors, retailers, hospitality businesses, and other customers that sell or offer premium cigars.

Top Wealth Group Holding Limited is incorporated in the Cayman Islands, while its principal operating activities are conducted through subsidiaries in Hong Kong.