Top Ships (NASDAQ:TOPS) Earns Hold Rating from Analysts at StockNews.com

by · The Cerbat Gem

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

Top Ships Price Performance

TOPS stock opened at $8.81 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.61 and a current ratio of 0.63. Top Ships has a 1-year low of $5.51 and a 1-year high of $18.97. The business has a 50 day simple moving average of $9.22 and a two-hundred day simple moving average of $11.47.

Institutional Trading of Top Ships

A hedge fund recently bought a new stake in Top Ships stock. Cetera Advisors LLC acquired a new stake in shares of Top Ships Inc. (NASDAQ:TOPS – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 SEC filing. 6.72% of the stock is owned by institutional investors and hedge funds.

About Top Ships

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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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