Top Ships (NASDAQ:TOPS) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of Top Ships Inc. (NASDAQ:TOPS) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.07 and traded as low as $5.62. Top Ships shares last traded at $6.15, with a volume of 14,413 shares traded.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Top Ships in a research report on Wednesday. They set a “hold” rating for the company.

Top Ships Trading Up 0.3 %

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 firm’s 50 day moving average is $7.52 and its two-hundred day moving average is $9.00.

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.