Top Ships Inc (NYSEAMERICAN: TOPS) suffers from important negative changes in fundamentals: the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.
Important negative changes in investment behavior have recently occurred for Top Ships Inc (NYSEAMERICAN: TOPS): its longer term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, TOPS is expected to be Value Creation neutral.
Top Ships has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Top Ships has a slightly negative Power Rating of 34 and a very low Appreciation Score of 0, resulting in the Lowest Value Trend Rating.
Recent Price Action
On 8/29/24, Top Ships Inc (NYSEAMERICAN: TOPS) stock declined modestly by -1.2%, closing at $8.79. NORMAL trading volume accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -3.2% during the last week.
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