StockNews.com began coverage on shares of Top Ships (NASDAQ:TOPS – Free Report) in a research note issued to investors on Tuesday. The firm issued a hold rating on the shipping company’s stock.
Top Ships Stock Performance
Shares of NASDAQ TOPS opened at $8.89 on Tuesday. Top Ships has a 12-month low of $5.51 and a 12-month high of $18.97. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.63 and a quick ratio of 0.61. The stock’s 50 day simple moving average is $8.79 and its 200 day simple moving average is $10.74.
Hedge Funds Weigh In On Top Ships
An institutional investor recently bought a new position in Top Ships stock. Cetera Advisors LLC acquired a new stake in Top Ships Inc. (NASDAQ:TOPS – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 14,004 shares of the shipping company’s stock, valued at approximately $196,000. Cetera Advisors LLC owned about 0.30% of Top Ships as of its most recent SEC filing. Institutional investors and hedge funds 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.
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