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

StockNews.com assumed coverage on shares of Top Ships (NASDAQ:TOPS) in a research note released on Sunday. The firm issued a hold rating on the shipping company’s stock.

Top Ships Trading Up 0.0 %

Shares of NASDAQ TOPS opened at $7.59 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 stock has a 50 day moving average price of $8.43 and a 200 day moving average price of $9.82. Top Ships has a 52-week low of $7.36 and a 52-week high of $18.97.

Institutional Trading of Top Ships

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