Top Ships (NASDAQ:TOPS) Now Covered by Analysts at StockNews.com

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

Top Ships Price Performance

NASDAQ TOPS opened at $8.73 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 1.78. The firm’s fifty day moving average price is $8.76 and its two-hundred day moving average price is $10.69. Top Ships has a 1 year low of $5.51 and a 1 year high of $18.97.

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 stake in Top Ships Inc. (NASDAQ:TOPS) during the 1st quarter, according to the company in its most recent 13F filing 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 own 6.72% of the company’s stock.

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.