Top Ships (NASDAQ:TOPS) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Top Ships (NASDAQ:TOPS) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the shipping company’s stock.

Top Ships Stock Down 2.7 %

Shares of Top Ships stock opened at $5.93 on Wednesday. The stock’s 50-day simple moving average is $6.36 and its 200-day simple moving average is $7.73. Top Ships has a 52 week low of $5.30 and a 52 week high of $14.76. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.61 and a current ratio of 0.63.

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.