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

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

Top Ships Price Performance

NASDAQ TOPS opened at $6.08 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 1.78. Top Ships has a 1-year low of $5.30 and a 1-year high of $14.94. The business’s 50-day simple moving average is $6.67 and its 200-day simple moving average is $8.08.

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.