TOP Financial Group (NASDAQ:TOP) Shares Up 2.8% – Still a Buy?

TOP Financial Group Limited (NASDAQ:TOP) shares shot up 2.8% during trading on Wednesday . The stock traded as high as $1.1599 and last traded at $1.11. 160,189 shares were traded during mid-day trading, an increase of 9% from the average session volume of 147,622 shares. The stock had previously closed at $1.08.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TOP Financial Group in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

TOP Financial Group Price Performance

The firm has a fifty day simple moving average of $0.89 and a 200 day simple moving average of $0.97.

Institutional Trading of TOP Financial Group

Several institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in shares of TOP Financial Group in the fourth quarter worth approximately $35,000. Virtu Financial LLC acquired a new stake in shares of TOP Financial Group in the third quarter worth approximately $42,000. Finally, 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 last quarter. 0.26% of the stock is owned by institutional investors and hedge funds.

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.