Extremely significant negative changes in Top Ships Inc (NYSEAMERICAN: TOPS) investment behavior have recently occurred: negative upside/downside volume developed, and the stock fell on very heavy volume.
Significant negative changes in Top Ships Inc (NYSEAMERICAN: TOPS) fundamentals have recently occurred: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
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
Top Ships has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Top Ships has a poor Power Rating of 18 and a very low Appreciation Score of 0, and the Lowest Value Trend Rating results.
Recent Price Action
Top Ships Inc (NYSEAMERICAN: TOPS) stock suffered a large decline of -7.0% on 12/9/24. The stock closed at $6.83. Moreover, trading volume in this decline was exceptionally high at 315% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -10.0% during the last week.
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