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

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

Top Ships Trading Down 2.0 %

TOPS traded down $0.16 during trading on Thursday, hitting $7.74. 6,233 shares of the stock traded hands, compared to its average volume of 12,597. Top Ships has a twelve month low of $5.51 and a twelve month high of $18.97. 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 50 day moving average price of $8.59 and a 200 day moving average price of $10.38.

Institutional Investors Weigh In On Top Ships

An institutional investor recently bought a new position 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. Institutional investors 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.