Top Ships Inc. (NASDAQ:TOPS – Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.07 and traded as low as $5.62. Top Ships shares last traded at $6.15, with a volume of 14,413 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of Top Ships in a research report on Wednesday. They set a “hold” rating on the stock.
Read Our Latest Stock Analysis on TOPS
Top Ships Stock Up 2.5 %
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.
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