TOP Financial Group Limited (NASDAQ:TOP – Get Free Report)’s share price rose 12.8% during mid-day trading on Monday . The company traded as high as $15.74 and last traded at $15.9450. 101,285 shares changed hands during trading, an increase of 16% from the average session volume of 87,627 shares. The stock had previously closed at $14.13.
Wall Street Analysts Forecast Growth
TOP has been the topic of several recent research reports. Wall Street Zen upgraded shares of TOP Financial Group to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings upgraded shares of TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.
View Our Latest Research Report on TOP Financial Group
TOP Financial Group Stock Up 12.8%
TOP Financial Group (NASDAQ:TOP – Get Free Report) last issued its quarterly earnings results on Monday, August 17th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $1.08 million for the quarter.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in TOP Financial Group in the 4th quarter worth $35,000. Virtu Financial LLC purchased a new position in shares of TOP Financial Group in the third quarter valued at about $42,000. Susquehanna International Group LLP boosted its stake in shares of 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 acquiring an additional 15,330 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of TOP Financial Group in the second quarter worth about $1,035,000. Hedge funds and other institutional investors 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.
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