StockNews.com Begins Coverage on Top Ships (NASDAQ:TOPS)

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

Top Ships Stock Down 0.7 %

NASDAQ:TOPS opened at $6.11 on Wednesday. The firm has a 50-day moving average of $7.52 and a two-hundred day moving average of $9.00. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.63 and a quick ratio of 0.61. Top Ships has a 1-year low of $5.30 and a 1-year high of $16.80.

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.