Top Wealth Group (NASDAQ:TWG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Top Wealth Group (NASDAQ:TWG) to a sell rating in a report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Top Wealth Group in a research note on Friday, August 21st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Top Wealth Group presently has an average rating of “Sell”.

Top Wealth Group Stock Performance

Shares of Top Wealth Group stock opened at $3.06 on Friday. The business has a 50-day moving average price of $23.48 and a 200-day moving average price of $234.90. Top Wealth Group has a twelve month low of $2.83 and a twelve month high of $2,636.00.

Top Wealth Group (NASDAQ:TWG) last posted its earnings results on Wednesday, August 19th. The company reported $6.00 EPS for the quarter. The firm had revenue of $3.07 million during the quarter.

Top Wealth Group Company Profile

Top Wealth Group Holding Limited is a Hong Kong-based holding company engaged in the distribution of premium cigars. Through its operating subsidiaries, the company supplies cigars and related tobacco products to customers in the premium cigar market.

The company’s activities primarily focus on sourcing and distributing premium cigar products for sale through specialty retailers and other commercial channels. Its business serves the Hong Kong market and may include relationships with cigar distributors, retailers, hospitality businesses, and other customers that sell or offer premium cigars.

Top Wealth Group Holding Limited is incorporated in the Cayman Islands, while its principal operating activities are conducted through subsidiaries in Hong Kong.