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

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

Top Ships Stock Down 0.1 %

NASDAQ TOPS opened at $6.01 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 company has a 50 day moving average price of $6.34 and a two-hundred day moving average price of $7.42. Top Ships has a 12-month low of $5.30 and a 12-month high of $14.69.

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.