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

Investment analysts at StockNews.com started coverage on shares of Top Ships (NASDAQ:TOPS) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the shipping company’s stock.

Top Ships Stock Up 1.9 %

TOPS opened at $7.85 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.61 and a current ratio of 0.63. The stock’s fifty day moving average is $8.51 and its two-hundred day moving average is $10.01. Top Ships has a 52 week low of $7.37 and a 52 week high of $18.97.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Top Ships stock. Cetera Advisors LLC acquired a new stake in shares of Top Ships Inc. (NASDAQ:TOPS) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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. Institutional investors and hedge funds own 6.72% of the company’s stock.

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.