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

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

Top Ships Price Performance

Top Ships stock opened at $7.68 on Friday. Top Ships has a 12-month low of $7.36 and a 12-month high of $18.97. The firm has a 50 day simple moving average of $8.38 and a 200-day simple moving average of $9.76. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 1.78.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Top Ships stock. Cetera Advisors LLC purchased a new stake in Top Ships Inc. (NASDAQ:TOPS) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,004 shares of the shipping company’s stock, valued at approximately $196,000. Cetera Advisors LLC owned about 0.30% of Top Ships at the end of the most recent quarter. 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.