StockNews.com Initiates Coverage on Top Ships (NASDAQ:TOPS)

Stock analysts at StockNews.com initiated coverage on shares of Top Ships (NASDAQ:TOPS) in a report issued on Friday. The firm set a “hold” rating on the shipping company’s stock.

Top Ships Price Performance

Shares of NASDAQ TOPS opened at $7.80 on Friday. The business has a fifty day simple moving average of $8.55 and a 200-day simple moving average of $10.24. Top Ships has a 12 month low of $6.70 and a 12 month high of $18.97. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 1.78.

Institutional Trading of Top Ships

An institutional investor recently bought a new position in Top Ships stock. Cetera Advisors LLC bought a new stake in shares of Top Ships Inc. (NASDAQ:TOPS) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 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 and hedge funds.

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.