Top Ships Inc. (NASDAQ:TOPS – Free Report) shares are set to reverse split before the market opens on Friday, November 6th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, November 5th.
Top Ships Stock Up 2.4%
Shares of NASDAQ TOPS traded up $0.01 during trading hours on Thursday, hitting $0.30. 136,490 shares of the stock were exchanged, compared to its average volume of 1,341,326. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.61 and a current ratio of 0.63. The company’s fifty day simple moving average is $0.62 and its two-hundred day simple moving average is $2.06. Top Ships has a 1-year low of $0.27 and a 1-year high of $7.40.
Top Ships Company Profile
Top Ships Inc (NASDAQ: TOPS) is an international shipping company that owns and operates oceangoing tanker vessels. Its primary business is the seaborne transportation of crude oil, petroleum products and other liquid cargoes for customers in global energy markets.
The company’s fleet has included crude oil tankers and refined-product tankers, which transport cargo between major energy-producing, refining and consuming regions. Through its vessels and commercial operations, Top Ships serves international trade routes rather than focusing on a single geographic market.
Top Ships was established in 2000 and is based in Greece.
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