Equities researchers at StockNews.com started coverage on shares of Top Ships (NASDAQ:TOPS – Get Free Report) in a research report issued on Monday. The brokerage set a “hold” rating on the shipping company’s stock.
Top Ships Price Performance
TOPS opened at $8.95 on Monday. The firm has a 50 day moving average price of $8.80 and a 200-day moving average price of $10.91. Top Ships has a twelve month low of $5.51 and a twelve month high of $18.97. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.63 and a quick ratio of 0.61.
Institutional Investors Weigh In On Top Ships
An institutional investor recently bought a new position in Top Ships stock. Cetera Advisors LLC acquired a new position in Top Ships Inc. (NASDAQ:TOPS – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,004 shares of the shipping company’s stock, valued at approximately $196,000. Cetera Advisors LLC owned about 0.30% of Top Ships at the end of the most recent reporting period. 6.72% of the stock is owned by institutional investors.
Top Ships Company Profile
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.
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