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

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

Top Ships Stock Performance

NASDAQ:TOPS opened at $6.33 on Friday. Top Ships has a 1-year low of $5.30 and a 1-year high of $14.50. The firm has a 50 day simple moving average of $6.20 and a 200-day simple moving average of $7.22. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.63 and a quick ratio of 0.61.

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.