Zacks: TOP SHIPS Inc (NASDAQ:TOPS) Given $1.50 Consensus Price Target by Brokerages

TOP SHIPS Inc (NASDAQ:TOPS) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price target of $1.50 for the company, according to Zacks. Zacks has also given TOP SHIPS an industry rank of 29 out of 255 based on the ratings given to its competitors.

A number of research firms have weighed in on TOPS. ValuEngine downgraded shares of TOP SHIPS from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Maxim Group set a $6.00 target price on shares of TOP SHIPS and gave the company a “buy” rating in a research report on Wednesday, September 18th.

TOP SHIPS stock opened at $0.72 on Tuesday. The business has a 50 day moving average of $2.83 and a 200-day moving average of $1.96. TOP SHIPS has a 1 year low of $0.69 and a 1 year high of $28.00. The company has a quick ratio of 0.13, a current ratio of 0.15 and a debt-to-equity ratio of 2.55.

An institutional investor recently raised its position in TOP SHIPS stock. Morgan Stanley raised its position in shares of TOP SHIPS Inc (NASDAQ:TOPS) by 800.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 142,502 shares of the shipping company’s stock after purchasing an additional 126,672 shares during the quarter. Morgan Stanley owned approximately 0.45% of TOP SHIPS worth $64,000 at the end of the most recent quarter. 4.82% of the stock is owned by institutional investors.

TOP SHIPS Company Profile

Top Ships Inc owns and operates tanker vessels worldwide. The company's medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2018, it had a fleet of two bareboat chartered-in 50,000 deadweight ton (dwt) product/chemical tankers vessels, the M/T Stenaweco Energy and the M/T Stenaweco Evolution; two 39,000 dwt product/chemical tankers vessels, the M/T Eco Fleet and the M/T Eco Revolution; six 50,000 dwt product/chemical tankers, the M/T Stenaweco Excellence, M/T Nord Valiant, M/T Stenaweco Elegance, the M/T Eco Palm Desert, the M/T Eco California, and the M/T Eco Marina Del Ray; two 50,000 dwt product/chemical tankers, the M/T Eco Holmby Hills and the M/T Palm Springs; and a 157,000 dwt Suezmax vessel M/T Eco Bel Air.

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