Top Ships (NASDAQ:TOPS) Shares Pass Below 200-Day Moving Average of $12.49

Top Ships Inc. (NASDAQ:TOPSGet Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.49 and traded as low as $12.30. Top Ships shares last traded at $12.30, with a volume of 5,393 shares trading hands.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on TOPS

Top Ships Price Performance

The company has a debt-to-equity ratio of 1.64, a current ratio of 0.94 and a quick ratio of 0.91. The business has a 50 day moving average price of $13.59 and a two-hundred day moving average price of $12.49.

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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