Price Action to Note: A Reversal for TOP SHIPS Inc Is Not Near. The Stock Rises Again

Price Action to Note: A Reversal for TOP SHIPS Inc Is Not Near. The Stock Rises Again

The stock of TOP SHIPS Inc (NASDAQ:TOPS) is a huge mover today! The stock last traded at $3.3 per share. It is down 4.90% since March 3, 2016 and is downtrending. It has underperformed by 13.24% the S&P500.
The move comes after 5 months positive chart setup for the $15.35M company. It was reported on Oct, 6 by We have $5.74 PT which if reached, will make NASDAQ:TOPS worth $11.36M more.

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 notable recent TOP SHIPS Inc (NASDAQ:TOPS) news were published by: which released: “TOP Ships Inc. Announces Interim Financial Results for Period Ended June 30, 2016” on July 29, 2016, also with their article: “TOP Ships Inc. TOPS (US: Nasdaq)” published on February 11, 2011, published: “TOP Ships Inc. Announces Delivery of Sixth Newbuilding Vessel and Completion …” on August 10, 2016. More interesting news about TOP SHIPS Inc (NASDAQ:TOPS) were released by: and their article: “TOP Ships Inc. Announces Corporate Developments” published on February 01, 2016 as well as‘s news article titled: “TOP Ships Inc. Announces $15.0 Million Unsecured Revolving Credit Facility and …” with publication date: December 24, 2015.

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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