StockNews.com began coverage on shares of Top Ships (NASDAQ:TOPS – Free Report) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the shipping company’s stock.
Top Ships Price Performance
TOPS stock opened at $8.03 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 1.78. The business has a fifty day moving average price of $8.71 and a 200 day moving average price of $10.57. Top Ships has a fifty-two week low of $5.51 and a fifty-two week high of $18.97.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Top Ships stock. Cetera Advisors LLC acquired a new stake in Top Ships Inc. (NASDAQ:TOPS – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 14,004 shares of the shipping company’s stock, valued at approximately $196,000. Cetera Advisors LLC owned approximately 0.30% of Top Ships at the end of the most recent quarter. 6.72% of the stock is currently owned by institutional investors and hedge funds.
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.
Read More
- Five stocks we like better than Top Ships
- When to Sell a Stock for Profit or Loss
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- Stock Splits, Do They Really Impact Investors?
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- What Are Trending Stocks? Trending Stocks Explained
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Receive News & Ratings for Top Ships Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Top Ships and related companies with MarketBeat.com's FREE daily email newsletter.