Top Ships (NASDAQ:TOPS – Get Free Report) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.
Top Ships Stock Performance
TOPS opened at $0.82 on Tuesday. Top Ships has a 1-year low of $0.56 and a 1-year high of $11.60. The stock’s fifty day simple moving average is $0.68 and its 200 day simple moving average is $0.81. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.21 and a current ratio of 0.23.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in Top Ships during the 2nd quarter worth $68,000. Millennium Management LLC bought a new position in Top Ships during the 2nd quarter worth $62,000. Virtu Financial LLC increased its position in Top Ships by 103.4% during the 2nd quarter. Virtu Financial LLC now owns 98,285 shares of the shipping company’s stock worth $37,000 after buying an additional 49,974 shares during the period. Two Sigma Securities LLC increased its position in Top Ships by 69.3% during the 1st quarter. Two Sigma Securities LLC now owns 55,555 shares of the shipping company’s stock worth $49,000 after buying an additional 22,736 shares during the period. Finally, Ancora Advisors LLC bought a new position in Top Ships during the 4th quarter worth $37,000. Institutional investors own 4.21% of the company’s stock.
About Top Ships
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, 2022, 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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