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 released on Saturday morning. The brokerage issued a hold rating on the shipping company’s stock.

Top Ships Stock Performance

NASDAQ:TOPS opened at $8.70 on Friday. Top Ships has a one year low of $5.51 and a one year 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. The stock has a 50 day moving average price of $9.00 and a 200 day moving average price of $11.32.

Hedge Funds Weigh In On Top Ships

A hedge fund recently bought a new stake in Top Ships stock. Cetera Advisors LLC purchased a new position in shares of Top Ships Inc. (NASDAQ:TOPS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,004 shares of the shipping company’s stock, valued at approximately $196,000. Cetera Advisors LLC owned approximately 0.30% of Top Ships as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 6.72% of the company’s stock.

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.