Wall Street Zen upgraded shares of Top Wealth Group (NASDAQ:TWG – Free Report) to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Top Wealth Group in a report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.
Check Out Our Latest Stock Report on TWG
Top Wealth Group Trading Down 11.8%
Shares of NASDAQ TWG opened at $3.00 on Friday. The firm’s 50-day simple moving average is $24.61 and its 200 day simple moving average is $236.64. Top Wealth Group has a 12-month low of $2.90 and a 12-month high of $2,636.00.
Top Wealth Group (NASDAQ:TWG – Get Free Report) last announced its earnings results on Wednesday, August 19th. The company reported $6.00 earnings per share for the quarter. The company 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.
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