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TOPS

Top Ships Inc.

https://www.topships.org

Industry

Marine Shipping

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, 2020, it had a fleet with a total capacity of 1,435,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, five 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,000 dwt product tankers. The company was formerly known as Top Tankers Inc. and changed its name to Top Ships Inc. in December 2007. Top Ships Inc. was incorporated in 2000 and is based in Maroussi, Greece.

Open

8.06

Mkt cap

36M

Volume

6.6K

High

8.06

P/E Ratio

-0.57

52-wk high

18.97

Low

7.72

Div yield

N/A

52-wk low

5.51

TOP Ships Inc. has successfully extended the time charter employment for two of its Very Large Crude Carriers (VLCC) for approximately three years. The daily rate for each vessel is set at $41,500, with an option for the charter to extend for an additional two years.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:19 pm

TOP Ships Inc., an international owner and operator of modern, fuel efficient 'ECO' tanker vessels, has regained compliance with the NASDAQ minimum bid price requirement for the Nasdaq Capital Market, as per Nasdaq Listing Rule 5550(a)(2).

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 12:38 pm

During Friday's session, 112 companies set new 52-week lows. The largest company by market cap to set a new 52-week low was Hershey (HSY), while the smallest was Ascent Solar Technologies (ASTI). TOP Ships (TOPS) saw the most significant drop, with its stock falling 1028.56% to reach a new 52-week low. Quest Diagnostics (DGX) shares were the most resilient, rising 0.0% from its new 52-week low.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 6:09 pm

TOP Ships Inc. has announced a 1-for-12 reverse stock split, which is expected to take effect from the opening of trading on Friday, September 29, 2023. The company's common stock will begin trading on a split-adjusted basis from this date.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:02 pm

TOP Ships (NASDAQ:TOPS) reported H1 earnings of $0.10 per share and $41.10 million in sales.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:21 pm

TOP Ships Inc. (NASDAQ:TOPS) has extended its time charter agreements with Clearlake Shipping Pte Ltd. for its two Suezmax vessels for up to 36 months. The extension will start after the current charters expire in Q1 2024. The gross daily rate for the extended period is $32,850. The extension is expected to generate an additional revenue backlog of about $72 million. The total gross revenue backlog as of December 31, 2022, is now about $352 million, 26% higher than previously reported.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:06 pm

Top Ships Inc. announced a proposed spin-off of one of its Suezmax tanker vessels. The company plans to create a separate, publicly traded company for the vessel.

Portfolio Pulse from Bill Haddad

June 21, 2023 | 12:33 pm

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