StockNews.com Begins Coverage on Top Ships (NASDAQ:TOPS)

Analysts at StockNews.com began coverage on shares of Top Ships (NASDAQ:TOPS) in a research note issued on Saturday. The brokerage set a “hold” rating on the shipping company’s stock.

Top Ships Price Performance

NASDAQ TOPS opened at $8.79 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 1.78. The company’s 50 day simple moving average is $9.04 and its two-hundred day simple moving average is $11.36. Top Ships has a 1 year low of $5.51 and a 1 year high of $18.97.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Top Ships stock. Cetera Advisors LLC bought a new position in Top Ships Inc. (NASDAQ:TOPS) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,004 shares of the shipping company’s stock, valued at approximately $196,000. Cetera Advisors LLC owned about 0.30% of Top Ships as of its most recent filing with the Securities & Exchange Commission. 6.72% of the stock is owned by hedge funds and other institutional investors.

About Top Ships

Top Ships Inc owns and operates tanker vessels worldwide. The company's tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2023, it had a fleet with a total capacity of 1,435,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, five 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,000 dwt product tankers.