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

StockNews.com started coverage on shares of Top Ships (NASDAQ:TOPS) in a research report issued on Thursday. The brokerage set a “hold” rating on the shipping company’s stock.

Top Ships Stock Up 1.5 %

NASDAQ:TOPS opened at $7.99 on Thursday. The business has a fifty day simple moving average of $8.61 and a two-hundred day simple moving average of $10.39. 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.

Hedge Funds Weigh In On 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) during the first quarter, according to its most recent filing with the SEC. The fund 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 filing with the SEC. 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.