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

StockNews.com initiated 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 Stock Up 0.9 %

NASDAQ TOPS 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’s 50-day moving average price is $8.81 and its 200-day moving average price is $10.90. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.61 and a current ratio of 0.63.

Hedge Funds 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 Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,004 shares of the shipping company’s stock, valued at approximately $196,000. Cetera Advisors LLC owned approximately 0.30% of Top Ships at the end of the most recent reporting period. 6.72% of the stock is owned by institutional investors and hedge funds.

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.