Top Ships (NASDAQ:TOPS) Coverage Initiated at StockNews.com

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

Top Ships Price Performance

Shares of NASDAQ:TOPS opened at $8.60 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.63 and a quick ratio of 0.61. Top Ships has a 1-year low of $5.51 and a 1-year high of $18.97. The business has a 50-day moving average price of $9.17 and a two-hundred day moving average price of $11.43.

Hedge Funds Weigh In On Top Ships

A hedge fund recently bought a new stake in Top Ships stock. Cetera Advisors LLC purchased a new position in Top Ships Inc. (NASDAQ:TOPS) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 14,004 shares of the shipping company’s stock, valued at approximately $196,000. Cetera Advisors LLC owned about 0.30% of Top Ships as of its most recent SEC filing. 6.72% of the stock is owned by institutional investors.

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.