Top Ships (NASDAQ:TOPS) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Top Ships (NASDAQ:TOPS) in a research report issued on Sunday. The firm set a “hold” rating on the shipping company’s stock.

Top Ships Price Performance

TOPS opened at $6.44 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 1.78. Top Ships has a 12-month low of $5.30 and a 12-month high of $14.94. The business has a 50 day moving average of $6.82 and a 200-day moving average of $8.23.

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.