TOP SHIPS (NASDAQ:TOPS) Shares Gap Down to $0.52

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TOP SHIPS Inc (NASDAQ:TOPS) gapped down prior to trading on Thursday . The stock had previously closed at $0.44, but opened at $0.52. TOP SHIPS shares last traded at $0.51, with a volume of 19,967 shares trading hands.

Separately, Maxim Group set a $7.00 target price on shares of Net 1 UEPS Technologies and gave the company a “buy” rating in a research note on Friday, May 24th.

The stock has a 50 day moving average of $0.49. The company has a current ratio of 0.14, a quick ratio of 0.13 and a debt-to-equity ratio of 1.12.

About TOP SHIPS (NASDAQ:TOPS)

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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