Top Ships Inc. (NASDAQ:TOPS – Get Free Report)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.93 and traded as low as $5.85. Top Ships shares last traded at $5.9720, with a volume of 4,551 shares changing hands.
Top Ships Stock Up 0.2%
The firm’s 50-day moving average is $5.76 and its 200 day moving average is $5.93. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.63 and a quick ratio of 0.61.
Institutional Investors Weigh In On Top Ships
An institutional investor recently raised its position in Top Ships stock. Cetera Investment Advisers increased its stake in shares of Top Ships Inc. (NASDAQ:TOPS – Free Report) by 38.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,179 shares of the shipping company’s stock after buying an additional 4,185 shares during the quarter. Cetera Investment Advisers owned about 0.33% of Top Ships worth $80,000 at the end of the most recent quarter. Institutional investors own 6.72% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Top Ships
- Asset Allocation Strategies in Volatile Markets
- OpenAI’s Restructuring Sets up What Could Be the Biggest IPO Ever
- What is the NASDAQ Stock Exchange?
- 2 Rare Earth Stocks the U.S. Government Doesn’t Want to Fail
- How to Read Stock Charts for Beginners
- CrowdStrike Partners With CoreWeave But Investors Sell the News
Receive News & Ratings for Top Ships Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Top Ships and related companies with MarketBeat.com's FREE daily email newsletter.
