Top Ships (NASDAQ:TOPS) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Top Ships Inc. (NASDAQ:TOPS)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Top Ships in a research report on Friday. They set a “hold” rating on the stock.

Top Ships Stock Performance

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

About Top Ships

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.