Top Ships (NASDAQ:TOPS) Stock Passes Below 200 Day Moving Average of $12.49

Top Ships Inc. (NASDAQ:TOPS)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 Analysts Forecast Growth

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

Top Ships Stock Down 0.6 %

The firm’s 50 day simple moving average is $13.59 and its 200 day simple moving average is $12.49. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.91 and a current ratio of 0.94.

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.