Shares of TOP SHIPS Inc (NASDAQ:TOPS) dropped 2.1% on Monday . The company traded as low as $0.48 and last traded at $0.47, approximately 18,267 shares traded hands during mid-day trading. A decline of 97% from the average daily volume of 637,333 shares. The stock had previously closed at $0.48.
Separately, Maxim Group set a $7.00 target price on Net 1 UEPS Technologies and gave the company a “buy” rating in a report on Friday, May 24th.
The stock’s fifty day moving average price is $0.48. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.14 and a quick ratio of 0.13.
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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