Top Ships (NASDAQ:TOPS) Stock Passes Below 200-Day Moving Average of $11.36

Shares of Top Ships Inc. (NASDAQ:TOPS) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.36 and traded as low as $8.70. Top Ships shares last traded at $8.79, with a volume of 1,900 shares traded.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Top Ships in a research note on Saturday. They issued a “hold” rating for the company.

Top Ships Stock Down 2.5 %

The firm has a 50-day moving average price of $9.00 and a 200-day moving average price of $11.31. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.61 and a current ratio of 0.63.

Institutional Investors Weigh In On Top Ships

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

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.