TOP SHIPS Inc (NASDAQ:TOPS)’s share price fell 5.4% on Friday . The stock traded as low as $0.52 and last traded at $0.53. 700,289 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 750,066 shares. The stock had previously closed at $0.56.
Separately, Maxim Group began coverage on shares of TOP SHIPS in a research report on Monday, April 22nd. They issued a “buy” rating on the stock.
The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.13 and a current ratio of 0.14.
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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, 2018, it had a fleet of two bareboat chartered-in 50,000 deadweight ton (dwt) product/chemical tankers vessels, the M/T Stenaweco Energy and the M/T Stenaweco Evolution; two 39,000 dwt product/chemical tankers vessels, the M/T Eco Fleet and the M/T Eco Revolution; six 50,000 dwt product/chemical tankers, the M/T Stenaweco Excellence, M/T Nord Valiant, M/T Stenaweco Elegance, the M/T Eco Palm Desert, the M/T Eco California, and the M/T Eco Marina Del Ray; two 50,000 dwt product/chemical tankers, the M/T Eco Holmby Hills and the M/T Palm Springs; and a 157,000 dwt Suezmax vessel M/T Eco Bel Air.
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