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

Equities research analysts at StockNews.com assumed coverage on shares of Top Ships (NASDAQ:TOPS) in a research note issued on Monday. The brokerage set a “hold” rating on the shipping company’s stock.

Top Ships Stock Performance

NASDAQ TOPS opened at $7.34 on Monday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.63 and a quick ratio of 0.61. The stock’s fifty day moving average is $8.30 and its two-hundred day moving average is $9.64. Top Ships has a fifty-two week low of $7.25 and a fifty-two week high of $18.97.

Institutional Investors Weigh In On Top Ships

A hedge fund recently bought a new stake in Top Ships stock. Cetera Advisors LLC purchased a new position in shares of Top Ships Inc. (NASDAQ:TOPS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,004 shares of the shipping company’s stock, valued at approximately $196,000. Cetera Advisors LLC owned about 0.30% of Top Ships at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.72% of the company’s stock.

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.