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

Top Ships Inc. (NASDAQ:TOPSGet Free Report)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.41 and traded as low as $6.66. Top Ships shares last traded at $6.85, with a volume of 6,262 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Top Ships in a report on Saturday. They issued a “hold” rating for the company.

Check Out Our Latest Analysis on Top Ships

Top Ships Stock Up 1.3 %

The firm has a fifty day simple moving average of $6.93 and a 200 day simple moving average of $8.39. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 1.78.

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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