The stock of TOP SHIPS Inc (NASDAQ:TOPS) is a huge mover today! About 1.23 million shares traded hands. TOP SHIPS Inc (NASDAQ:TOPS) has risen 117.50% since April 18, 2016 and is uptrending. It has outperformed by 113.07% the S&P500.
The move comes after 8 months negative chart setup for the $12.52 million company. It was reported on Nov, 18 by Barchart.com. We have $3.39 PT which if reached, will make NASDAQ:TOPS worth $1.25M less.
According to Zacks Investment Research, “TOP SHIPS Inc., formerly known as TOP Tankers Inc., is an international provider of worldwide seaborne crude oil and petroleum products and of drybulk transportation services. Upon delivery of one tanker to its new owners, the Company will operate a fleet of 19 tankers, consisting of 11 double-hull Suezmax tankers and 8 double-hull Handymax tankers, with a total carrying capacity of approximately 2.0 million dwt, of which 78% are sister ships, and two drybulk vessels.”
More news for TOP SHIPS Inc (NASDAQ:TOPS) were recently published by: Globenewswire.com, which released: “TOP Ships Inc. Announces Interim Financial Results for Period Ended June 30, 2016” on July 29, 2016. Globenewswire.com‘s article titled: “TOP Ships Inc. Announces Delivery of Sixth Newbuilding Vessel and Completion …” and published on August 10, 2016 is yet another important article.
TOPS Company Profile
Top Ships Inc., incorporated on January 10, 2000, is an international well-known provider of oil, petroleum products and chemicals transportation services. The Firm owns and operates eco medium range (MR) tanker vessels focusing on the transportation of crude oil, petroleum products (clean and dirty) and bulk liquid chemicals.
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