TOP Financial Group (NASDAQ:TOP) Shares Break Below 50 Day Moving Average – Here’s Why

Shares of TOP Financial Group Limited (NASDAQ:TOP) crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $14.63 and traded as low as $14.12. TOP Financial Group shares last traded at $14.61, with a volume of 94,256 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TOP shares. Wall Street Zen raised TOP Financial Group to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings downgraded TOP Financial Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, November 2nd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

TOP Financial Group Trading Down 0.5%

The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average price is $14.63 and its 200 day moving average price is $8.85. The stock has a market cap of $1.78 billion, a P/E ratio of -730.50 and a beta of -0.82.

TOP Financial Group (NASDAQ:TOP) last announced its 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.

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.