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

Analysts at StockNews.com started coverage on shares of Top Ships (NASDAQ:TOPS) in a report released on Saturday. The firm set a “hold” rating on the shipping company’s stock.

Top Ships Stock Up 1.9 %

Top Ships stock opened at $7.85 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 1.78. The stock has a 50-day moving average of $8.51 and a two-hundred day moving average of $10.01. Top Ships has a one year low of $7.37 and a one year high of $18.97.

Institutional Trading of Top Ships

A hedge fund recently bought a new stake in Top Ships stock. Cetera Advisors LLC acquired a new position in shares of Top Ships Inc. (NASDAQ:TOPS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter. 6.72% of the stock is owned by institutional investors.

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.