TOP Financial Group (NASDAQ:TOP) Hits New 52-Week High – Time to Buy?

TOP Financial Group Limited (NASDAQ:TOP)’s share price reached a new 52-week high during mid-day trading on Saturday . The stock traded as high as $17.42 and last traded at $16.73, with a volume of 247048 shares. The stock had previously closed at $15.42.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TOP shares. Wall Street Zen upgraded TOP Financial Group to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings upgraded TOP Financial Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, TOP Financial Group currently has an average rating of “Sell”.

TOP Financial Group Stock Up 8.5%

The business’s 50 day simple moving average is $10.99 and its 200 day simple moving average is $6.89. The company has a market capitalization of $2.04 billion, a PE ratio of -836.50 and a beta of -1.12. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.02.

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

Hedge Funds Weigh In On TOP Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in TOP Financial Group during the 2nd quarter worth approximately $1,035,000. Susquehanna International Group LLP lifted its holdings 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 valued at $67,000 after purchasing an additional 15,330 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of TOP Financial Group in the third quarter valued at $42,000. Finally, XTX Topco Ltd acquired a new stake in shares of TOP Financial Group in the fourth quarter worth $35,000. Institutional investors and hedge funds 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.