Top Ships Inc. (NASDAQ:TOPS – Get Free Report) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $1.10 and traded as low as $0.32. Top Ships shares last traded at $0.3378, with a volume of 545,272 shares changing hands.
Top Ships Trading Down 11.5%
The company’s 50-day moving average price is $0.65 and its 200-day moving average price is $1.10. 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 Company Profile
Top Ships Inc (NASDAQ: TOPS) is a maritime transportation company that owns and operates ocean-going tanker vessels. Its fleet is primarily used to transport crude oil, refined petroleum products and other liquid cargoes for customers in international shipping markets.
The company’s vessels serve global trade routes connecting major energy-producing and consuming regions. Top Ships has historically focused on acquiring and operating tankers of various sizes, with employment arranged through time-charter agreements, voyage charters and other commercial arrangements depending on market conditions.
Top Ships was established in 2000 and was formerly known as Top Tankers Inc before adopting its current name.
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