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

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

Top Ships Price Performance

Shares of NASDAQ:TOPS opened at $8.81 on Friday. The firm has a fifty day simple moving average of $9.22 and a two-hundred day simple moving average of $11.47. Top Ships has a 52 week low of $5.51 and a 52 week high of $18.97. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.63 and a quick ratio of 0.61.

Institutional Investors Weigh In On Top Ships

An institutional investor recently bought a new position in Top Ships stock. Cetera Advisors LLC bought a new position in Top Ships Inc. (NASDAQ:TOPS) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 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.