|Bid||1.0000 x 800|
|Ask||1.0500 x 2900|
|Day's Range||1.0000 - 1.0500|
|52 Week Range||0.6900 - 3.5000|
|Beta (3Y Monthly)||-2.16|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||750.00|
The company also announced that it has increased the maximum borrowing capacity of the Family Trading Credit Facility to $25.0 million and that it has drawn down an additional $5.0 million from the Company’s outstanding loan facilities. Efforts around these developments had been announced in the Company’s September 11th, 2018 press release.
ATHENS, Greece, Oct. 25, 2018 -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the.
Shares of TOP Ships Inc. tumbled 9.4% in active premarket trade Wednesday, after the Greece-based ship-owning company announced the sale of common shares, and warrants for additional shares, to a single institutional investor at a discount. The company said it will sell 2 million shares at $1.50 each, which is 12% below Tuesday's closing price of $1.71, and issue warrants to buy up to an additional 3.5 million shares, with an exercise price of $1.50 and a four-month term. The company expects net proceeds of $2.7 million from the offering, after fees and expenses. The stock had run up 69% over the past three months, while the S&P 500 has lost 2.8%.
TOP Ships Inc. (the “Company”) (TOPS) announced today that it has entered into a Securities Purchase Agreement with one institutional investor, pursuant to which the Company will sell 2.0 million common shares at a purchase price of $1.50 per share for gross proceeds of $3.0 million in a registered direct offering. In connection with the issuance of the common shares, the Company will also issue warrants to purchase up to 3.5 million additional common shares. The warrants have an exercise price of $1.50 per share and will have a term of four months. The closing of the transaction is expected to occur on or about October 26, 2018, subject to the satisfaction of customary closing conditions. Maxim Group LLC acted as the exclusive placement agent for the offering.
NEW YORK, NY / ACCESSWIRE / October 23, 2018 / President Trump withdrawing from the Universal Postal Union sent shares of shipping companies skyrocketing on Monday as this could mean more revenues in shipping for them. Both Top Ships and Euroseas were two big winners with Euroseas even hitting a new 52-week high on the news. Top Ships Inc. shares were jumping on Monday for gains of about 55% on much higher trading volume than usual.
ATHENS, Greece, Sept. 18, 2018-- TOP Ships Inc., an international owner and operator of modern, fuel efficient“ ECO” tanker vessels currently focusing on the transportation of petroleum products, announced ...
NEW YORK, NY / ACCESSWIRE / July 9, 2018 / It was a day of gains for shipping stocks DryShips and Top Ships on Friday despite no immediate news from either company. DryShips Inc. shares closed up 3.21% on about 2.6 million shares traded on Friday. In the middle of June, the diversified owner and operator of ocean going cargo vessels, announced that it has entered into agreements with unaffiliated buyers, for the sale of two of its older Panamax drybulk carriers, built in 2002, for an aggregate gross sales price of $18.8 million.
Lined up for observation are these four stocks: Navios Maritime Holdings Inc. (NYSE: NM), Seaspan Corp. (NYSE: SSW), Teekay Offshore Partners L.P. (NYSE: TOO), and Top Ships Inc. (NASDAQ: TOPS). Monte Carlo, Monaco-based Navios Maritime Holdings Inc.'s stock finished Tuesday's session 1.05% higher at $0.84 with a total trading volume of 171,938 shares.
NEW YORK, NY / ACCESSWIRE / June 8, 2018 / Cargo vessel stock Top Ships was seeing huge gains in Thursday's trading session after announcing that it has agreed to a time charter employment with a major oil company for two of its vessels that are currently under construction. Top Ships Inc. shares closed up 53.25% on about 26 million shares traded on Thursday. It was a big day for the tank vessel operator after it announced that it has agreed to enter into time charter employment with a major oil company for its two Suezmax vessels currently under construction at Hyundai Samho, South Korea.
In today's pre-market research, WallStEquities.com observes the following stocks: Navios Maritime Holdings Inc. (NYSE: NM), Seaspan Corp. (NYSE: SSW), Teekay Offshore Partners L.P. (NYSE: TOO), and Top Ships Inc. (NASDAQ: TOPS). Monte Carlo, Monaco-based Navios Maritime Holdings Inc.'s stock finished Monday's session 3.27% lower at $0.78 with a total trading volume of 535,607 shares.
While small-cap stocks, such as Top Ships Inc (NASDAQ:TOPS) with its market cap of US$14.94M, are popular for their explosive growth, investors should also be aware of their balance sheetRead More...