Top Ships (NASDAQ:TOPS) Share Price Crosses Above 50-Day Moving Average of $13.00

Top Ships Inc. (NASDAQ:TOPSGet Free Report)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.00 and traded as high as $13.30. Top Ships shares last traded at $13.14, with a volume of 10,396 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Top Ships from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th.

Get Our Latest Research Report on TOPS

Top Ships Trading Up 1.5 %

The business has a fifty day simple moving average of $12.96 and a two-hundred day simple moving average of $13.76. The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 1.64.

Institutional Trading of Top Ships

An institutional investor recently bought a new position in Top Ships stock. Cetera Advisors LLC bought a new stake in shares of Top Ships Inc. (NASDAQ:TOPSFree Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,004 shares of the shipping company’s stock, valued at approximately $196,000. Cetera Advisors LLC owned about 0.30% of Top Ships at the end of the most recent quarter. 6.72% of the stock is currently owned by hedge funds and other institutional investors.

Top Ships Company Profile

(Get Free Report)

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.

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