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

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

Top Ships Stock Down 3.0 %

Shares of Top Ships stock traded down $0.23 during trading on Friday, reaching $7.57. The company’s stock had a trading volume of 13,086 shares, compared to its average volume of 12,575. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.63 and a quick ratio of 0.61. Top Ships has a 52-week low of $7.06 and a 52-week high of $18.97. The firm’s 50-day moving average is $8.54 and its two-hundred day moving average is $10.19.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Top Ships stock. Cetera Advisors LLC acquired a new position in Top Ships Inc. (NASDAQ:TOPS) in the first quarter, according to the company in its most recent Form 13F 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 approximately 0.30% of Top Ships at the end of the most recent reporting period. 6.72% of the stock is currently owned by institutional investors.

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.