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

StockNews.com started coverage on shares of Top Ships (NASDAQ:TOPS) in a research note published on Monday. The brokerage issued a hold rating on the shipping company’s stock.

Top Ships Trading Up 0.9 %

TOPS stock opened at $9.03 on Monday. Top Ships has a 12-month low of $5.51 and a 12-month high of $18.97. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.61 and a current ratio of 0.63. The firm’s 50-day moving average price is $8.81 and its two-hundred day moving average price is $10.90.

Institutional Investors Weigh In On Top Ships

An institutional investor recently bought a new position in Top Ships stock. Cetera Advisors LLC acquired a new position in Top Ships Inc. (NASDAQ:TOPS) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 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 SEC filing. Institutional investors and hedge funds own 6.72% of the company’s stock.

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.