StockNews.com began coverage on shares of Top Ships (NASDAQ:TOPS – Get Free Report) in a research report issued on Monday. The firm set a “hold” rating on the shipping company’s stock.
Top Ships Stock Performance
Shares of Top Ships stock opened at $9.21 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 1.78. The business’s fifty day moving average price is $8.79 and its 200 day moving average price is $10.98. Top Ships has a twelve month low of $5.51 and a twelve month high of $18.97.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Top Ships stock. Cetera Advisors LLC purchased a new position in shares of Top Ships Inc. (NASDAQ:TOPS – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,004 shares of the shipping company’s stock, valued at approximately $196,000. Cetera Advisors LLC owned 0.30% of Top Ships at the end of the most recent quarter. 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.
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