Top Ships (NASDAQ:TOPS) Share Price Crosses Below 200-Day Moving Average of $12.68

Shares of Top Ships Inc. (NASDAQ:TOPS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.68 and traded as low as $12.35. Top Ships shares last traded at $12.50, with a volume of 24,585 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.

Top Ships Stock Performance

The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 1.64. The business has a 50 day moving average of $13.36 and a 200-day moving average of $12.68.

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.