Top Ships (NASDAQ:TOPS) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Top Ships (NASDAQ:TOPS) in a research report released on Monday morning. The brokerage issued a hold rating on the shipping company’s stock.

Top Ships Price Performance

Shares of Top Ships stock opened at $6.83 on Monday. The business’s fifty day simple moving average is $8.26 and its 200 day simple moving average is $9.59. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 1.78. Top Ships has a 12 month low of $6.70 and a 12 month high of $18.97.

Institutional Trading of Top Ships

An institutional investor recently bought a new position in Top Ships stock. Cetera Advisors LLC acquired a new stake in shares of Top Ships Inc. (NASDAQ:TOPS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 and Exchange Commission (SEC). 6.72% of the stock is currently 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.