Top Ships (NASDAQ:TOPS) Coverage Initiated at StockNews.com

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

Top Ships Stock Performance

Shares of NASDAQ TOPS opened at $5.97 on Friday. Top Ships has a 12 month low of $5.30 and a 12 month high of $14.50. The firm’s 50 day simple moving average is $6.32 and its 200-day simple moving average is $7.32. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 1.78.

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.