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

Equities researchers at StockNews.com assumed coverage on shares of Top Ships (NASDAQ:TOPS) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the shipping company’s stock.

Top Ships Stock Up 2.1 %

Shares of NASDAQ:TOPS opened at $6.11 on Tuesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.63 and a quick ratio of 0.61. The business has a 50-day moving average price of $6.46 and a 200 day moving average price of $7.84. Top Ships has a 12-month low of $5.30 and a 12-month high of $14.94.

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.