Top Ships (NASDAQ:TOPS) Share Price Passes Below 200-Day Moving Average – Here’s Why

by · The Markets Daily

Top Ships Inc. (NASDAQ:TOPS – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.58 and traded as low as $6.92. Top Ships shares last traded at $7.11, with a volume of 11,215 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Top Ships in a research note on Friday. They issued a “hold” rating for the company.

View Our Latest Research Report on TOPS

Top Ships Price Performance

The stock’s 50-day moving average price is $7.03 and its 200-day moving average price is $8.55. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.61 and a current ratio of 0.63.

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.

Further Reading