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

Equities researchers at StockNews.com initiated coverage on shares of Top Ships (NASDAQ:TOPS) in a report released on Wednesday. The firm set a “hold” rating on the shipping company’s stock.

Top Ships Stock Performance

TOPS opened at $8.40 on Wednesday. The stock’s 50-day moving average price is $8.73 and its 200 day moving average price is $10.58. Top Ships has a 12-month low of $5.51 and a 12-month high of $18.97. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.63 and a quick ratio of 0.61.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Top Ships stock. Cetera Advisors LLC purchased a new stake in Top Ships Inc. (NASDAQ:TOPS) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,004 shares of the shipping company’s stock, valued at approximately $196,000. Cetera Advisors LLC owned 0.30% of Top Ships as of its most recent SEC filing. 6.72% of the stock is currently owned by institutional investors and hedge funds.

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.