StockNews.com Initiates Coverage on Top Ships (NASDAQ:TOPS)

StockNews.com initiated coverage on shares of Top Ships (NASDAQ:TOPS) in a report issued on Saturday morning. The brokerage issued a hold rating on the shipping company’s stock.

Top Ships Trading Up 1.3 %

Shares of TOPS opened at $6.85 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. Top Ships has a 12 month low of $5.30 and a 12 month high of $14.94. The stock has a fifty day moving average price of $6.93 and a 200-day moving average price of $8.37.

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.