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

Analysts at StockNews.com started coverage on shares of Top Ships (NASDAQ:TOPS) in a research note issued on Saturday. The firm set a “hold” rating on the shipping company’s stock.

Top Ships Trading Up 0.8 %

Shares of TOPS opened at $5.97 on Friday. Top Ships has a 52-week low of $5.30 and a 52-week high of $14.50. The stock’s 50-day simple moving average is $6.32 and its 200 day simple moving average is $7.31. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.63 and a quick ratio of 0.61.

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.