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

Equities research analysts at StockNews.com initiated coverage on shares of Top Ships (NASDAQ:TOPS) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the shipping company’s stock.

Top Ships Price Performance

Shares of NASDAQ:TOPS opened at $8.89 on Tuesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.61 and a current ratio of 0.63. Top Ships has a 52-week low of $5.51 and a 52-week high of $18.97. The business has a 50-day moving average price of $8.79 and a 200-day moving average price of $10.74.

Hedge Funds Weigh In On Top Ships

A hedge fund recently bought a new stake in Top Ships stock. Cetera Advisors LLC purchased a new stake in shares of Top Ships Inc. (NASDAQ:TOPS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,004 shares of the shipping company’s stock, valued at approximately $196,000. Cetera Advisors LLC owned 0.30% of Top Ships as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 6.72% of the company’s stock.

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.