TOP Financial Group (NASDAQ:TOP) Shares Down 0.8% – Here’s What Happened

TOP Financial Group Limited (NASDAQ:TOP) shares were down 0.8% during mid-day trading on Friday . The company traded as low as $1.21 and last traded at $1.23. Approximately 54,817 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 297,605 shares. The stock had previously closed at $1.24.

TOP Financial Group Price Performance

The stock’s 50-day moving average is $1.21 and its 200-day moving average is $1.36.

Institutional Investors Weigh In On TOP Financial Group

A hedge fund recently bought a new stake in TOP Financial Group stock. Renaissance Technologies LLC purchased a new stake in TOP Financial Group Limited (NASDAQ:TOP) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 21,400 shares of the company’s stock, valued at approximately $33,000. Renaissance Technologies LLC owned about 0.06% of TOP Financial Group at the end of the most recent 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.