Top Ships Inc. (NASDAQ:TOPS - Get Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.78 and traded as high as $13.81. Top Ships shares last traded at $13.66, with a volume of 20,530 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com cut shares of Top Ships from a "buy" rating to a "hold" rating in a report on Tuesday.
View Our Latest Stock Analysis on TOPS
Top Ships Stock Performance
The company has a 50-day moving average of $13.76 and a two-hundred day moving average of $12.07. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.91 and a current ratio of 0.94.
Institutional Trading of Top Ships
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP purchased a new stake in Top Ships during the 4th quarter valued at $260,000. Renaissance Technologies LLC purchased a new stake in Top Ships during the second quarter valued at $68,000. Millennium Management LLC bought a new position in Top Ships in the second quarter valued at about $62,000. Two Sigma Securities LLC boosted its position in Top Ships by 69.3% in the first quarter. Two Sigma Securities LLC now owns 55,555 shares of the shipping company's stock worth $49,000 after purchasing an additional 22,736 shares during the last quarter. Finally, Virtu Financial LLC boosted its position in Top Ships by 103.4% in the second quarter. Virtu Financial LLC now owns 98,285 shares of the shipping company's stock worth $37,000 after purchasing an additional 49,974 shares during the last quarter. 6.72% of the stock is currently owned by institutional investors.
About Top Ships
(
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Top Ships Inc owns and operates tanker vessels worldwide. The company's medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2022, 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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