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

StockNews.com assumed coverage on shares of Top Ships (NASDAQ:TOPS) in a research note released on Sunday. The firm issued a hold rating on the shipping company’s stock.

Top Ships Stock Performance

NASDAQ:TOPS opened at $5.69 on Friday. The stock’s fifty day moving average is $5.92 and its 200 day moving average is $6.42. Top Ships has a fifty-two week low of $5.30 and a fifty-two week high of $14.24. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.61 and a current ratio of 0.63.

Top Ships Company Profile

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.