TOP Financial Group (NASDAQ:TOP) Stock Falls 10.7% – Here’s Why

Shares of TOP Financial Group Limited (NASDAQ:TOP) were down 10.7% during mid-day trading on Tuesday. The stock traded as low as $14.13 and last traded at $14.11. 123,367 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 102,795 shares. The stock had previously closed at $15.80.

Analyst Ratings Changes

Several research analysts have recently weighed in on TOP shares. Weiss Ratings lowered TOP Financial Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, November 2nd. Wall Street Zen raised TOP Financial Group to a “hold” rating in a research note on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has a consensus rating of “Sell”.

TOP Financial Group Stock Performance

The stock has a market cap of $1.73 billion, a PE ratio of -712.50 and a beta of -0.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.20 and a current ratio of 3.20. The company’s 50 day simple moving average is $14.69 and its 200 day simple moving average is $8.76.

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

TOP Financial Group Company Profile

TOP Financial Group Limited is a financial services holding company that provides online brokerage services through its subsidiaries. Its offerings include securities brokerage and futures brokerage, serving individual and institutional clients. The company’s operations are based in Hong Kong, where its subsidiaries are licensed to provide financial services. Its trading services cover securities and futures markets, including markets in Hong Kong and the United States. Previously known as Zhong Yang Financial Group Limited, the company adopted the TOP Financial Group name in 2022.