Top Ships Inc. (NASDAQ:TOPS – Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.22 and traded as low as $0.7902. Top Ships shares last traded at $0.7941, with a volume of 143,911 shares.
Top Ships Price Performance
The company has a debt-to-equity ratio of 1.78, a current ratio of 0.63 and a quick ratio of 0.61. The company has a fifty day simple moving average of $0.80 and a two-hundred day simple moving average of $2.21.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Top Ships stock. Citadel Advisors LLC purchased a new position in Top Ships Inc. (NASDAQ:TOPS – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,613 shares of the shipping company’s stock, valued at approximately $68,000. Citadel Advisors LLC owned 0.25% of Top Ships as of its most recent filing with the Securities and Exchange Commission. 6.72% of the stock is owned by hedge funds and other institutional investors.
Top Ships Company Profile
Top Ships Inc, incorporated in the Republic of the Marshall Islands and trading on NASDAQ under the symbol TOPS, is a global dry bulk shipping company. The firm specializes in the transportation of commodities such as iron ore, coal and grains and operates a fleet of Panamax, Kamsarmax and Capesize vessels. Through a mix of long-term time charters and spot charters, Top Ships serves a diversified customer base in the bulk shipping market.
Since its founding, Top Ships has pursued a strategy of fleet growth via acquisitions of second-hand vessels, aiming to capitalize on favorable market cycles.
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