Top Ships (NASDAQ:TOPS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Top Ships (NASDAQ:TOPS) in a research report released on Saturday morning. The brokerage issued a hold rating on the shipping company’s stock.

Top Ships Trading Down 0.1 %

TOPS opened at $9.15 on Friday. The stock has a fifty day moving average of $8.96 and a 200-day moving average of $11.23. 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 quick ratio of 0.61 and a current ratio of 0.63.

Institutional Trading of Top Ships

A hedge fund recently bought a new stake in Top Ships stock. Cetera Advisors LLC bought a new stake in 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 (SEC). The institutional investor bought 14,004 shares of the shipping company’s stock, valued at approximately $196,000. Cetera Advisors LLC owned approximately 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.