Top Ships (NASDAQ:TOPS) Coverage Initiated at

Equities research analysts at assumed coverage on shares of Top Ships (NASDAQ:TOPSGet Rating) in a report issued on Wednesday. The brokerage set a “hold” rating on the shipping company’s stock.

Shares of TOPS stock opened at $0.39 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.70 and a current ratio of 0.70. The firm’s 50 day moving average is $0.65 and its 200 day moving average is $0.86. Top Ships has a 12 month low of $0.38 and a 12 month high of $1.75.

A hedge fund recently raised its stake in Top Ships stock. Cetera Advisors LLC boosted its position in Top Ships Inc. (NASDAQ:TOPSGet Rating) by 13.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,057 shares of the shipping company’s stock after purchasing an additional 13,627 shares during the quarter. Cetera Advisors LLC owned about 0.28% of Top Ships worth $167,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 46.11% of the stock is owned by institutional investors.

About Top Ships (Get Rating)

Top Ships Inc owns and operates tanker vessels worldwide. The company's medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2020, 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.

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