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

StockNews.com initiated coverage on shares of Top Ships (NASDAQ:TOPS) in a research report report published on Monday morning. The firm issued a hold rating on the shipping company’s stock.

Top Ships Stock Performance

Shares of NASDAQ:TOPS opened at $6.30 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 1.78. The stock has a fifty day simple moving average of $8.15 and a two-hundred day simple moving average of $9.52. Top Ships has a 12-month low of $6.28 and a 12-month high of $18.97.

Hedge Funds Weigh In On Top Ships

A hedge fund recently bought a new stake in Top Ships stock. Cetera Advisors LLC acquired a new stake in shares of Top Ships Inc. (NASDAQ:TOPS) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 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 filing with the Securities and Exchange Commission. 6.72% of the stock is owned by institutional investors.

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.