Top Ships (NASDAQ:TOPS) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Top Ships Inc. (NASDAQ:TOPSGet Free Report)’s stock price passed 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 assumed coverage on shares of Top Ships in a research report on Saturday. They issued a “hold” rating on the stock.

Check Out Our Latest Stock Report on TOPS

Top Ships Trading Up 1.3 %

The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 1.78. The company has a fifty day moving average price of $6.93 and a two-hundred day moving average price of $8.41.

About Top Ships

(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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