StockNews.com started coverage on shares of Top Ships (NASDAQ:TOPS – Free Report) in a research report report published on Friday. The brokerage issued a hold rating on the shipping company’s stock.
Top Ships Trading Up 4.1 %
Shares of TOPS opened at $8.81 on Friday. Top Ships has a 12 month low of $5.51 and a 12 month high of $18.97. The company has a 50-day moving average price of $9.22 and a two-hundred day moving average price of $11.51. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.61 and a current ratio of 0.63.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Top Ships stock. Cetera Advisors LLC bought a new position in Top Ships Inc. (NASDAQ:TOPS – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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 filing with the Securities and Exchange Commission. 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.
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