Top Ships Inc. (NASDAQ:TOPS – Free Report) shares are going to reverse split on Friday, November 6th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, November 5th.
Top Ships Price Performance
NASDAQ:TOPS traded up $0.00 during midday trading on Thursday, hitting $0.30. 135,261 shares of the company traded hands, compared to its average volume of 1,341,244. The firm’s fifty day moving average is $0.62 and its 200-day moving average is $2.06. Top Ships has a 12-month low of $0.27 and a 12-month high of $7.40. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.61 and a current ratio of 0.63.
About Top Ships
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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