Analysts Set $1.00 Target Price for TOP SHIPS Inc (NASDAQ:TOPS)

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Shares of TOP SHIPS Inc (NASDAQ:TOPS) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price objective of $1.00 for the company, according to Zacks. Zacks has also given TOP SHIPS an industry rank of 96 out of 256 based on the ratings given to its competitors.

Separately, Maxim Group reissued a “buy” rating and set a $1.00 price objective on shares of TOP SHIPS in a research note on Friday, May 24th.

Shares of TOPS stock traded up $0.01 during trading hours on Tuesday, hitting $0.45. The stock had a trading volume of 344,900 shares, compared to its average volume of 711,403. TOP SHIPS has a one year low of $0.43 and a one year high of $2.70. The company has a current ratio of 0.14, a quick ratio of 0.13 and a debt-to-equity ratio of 1.12. The business has a 50-day simple moving average of $0.57.

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, 2018, it had a fleet of two bareboat chartered-in 50,000 deadweight ton (dwt) product/chemical tankers vessels, the M/T Stenaweco Energy and the M/T Stenaweco Evolution; two 39,000 dwt product/chemical tankers vessels, the M/T Eco Fleet and the M/T Eco Revolution; six 50,000 dwt product/chemical tankers, the M/T Stenaweco Excellence, M/T Nord Valiant, M/T Stenaweco Elegance, the M/T Eco Palm Desert, the M/T Eco California, and the M/T Eco Marina Del Ray; two 50,000 dwt product/chemical tankers, the M/T Eco Holmby Hills and the M/T Palm Springs; and a 157,000 dwt Suezmax vessel M/T Eco Bel Air.

Further Reading: 52-Week High/Low Prices For Stock Selection

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