Top Ships (NASDAQ:TOPS) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Top Ships (NASDAQ:TOPS) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the shipping company’s stock.

Top Ships Stock Performance

TOPS opened at $7.59 on Friday. The stock’s 50 day moving average price is $8.43 and its 200-day moving average price is $9.82. Top Ships has a one year low of $7.36 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.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Top Ships stock. Cetera Advisors LLC purchased a new stake in Top Ships Inc. (NASDAQ:TOPS) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,004 shares of the shipping company’s stock, valued at approximately $196,000. Cetera Advisors LLC owned 0.30% of Top Ships as of its most recent filing with the Securities and Exchange Commission (SEC). 6.72% of the stock is currently owned by institutional investors.

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.