Top Ships (NASDAQ:TOPS) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Top Ships Inc. (NASDAQ:TOPS)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.41 and traded as low as $6.66. Top Ships shares last traded at $6.85, with a volume of 6,262 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Top Ships in a report on Saturday. They set a “hold” rating for the company.

Top Ships Stock Up 1.3 %

The stock’s 50 day moving average is $6.93 and its two-hundred day moving average is $8.41. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.61 and a current ratio of 0.63.

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.