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Top Ships (TOPS) falls after announcement of registered direct offering

Top Ships (TOPS) currently trades at $0.22 and has fallen by 21.75% today. TOPS went down $0.06 from the previous closing price of $0.28. The high forecast for Top Ships is $1.00 and the low is $0.50. The company’s market cap is $26.13 million with a 52 week high of $15.42 and a 52 week low of $0.07. TOPS has changed in price by -14.90 per share in the last 12 months. The company announced a registered direct offering of 33.3M shares at $0.18, with gross proceeds of $6M, as compared to a previously announced of 40M shares at $0.2/share.

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Top Ships has a weak EPS of -10.58. This means the company lost $-10.58 per share after paying dividends, this can indicate that the stock is a risky investment. EPS is calculated as a company’s profit divided by the outstanding shares of its common stock. The resulting number serves as an indicator of a company’s profitability. It is common for a company to report EPS that is adjusted for extraordinary items and potential share dilution. Based on this information, investorsQ rates this stock 4 out of 10. We give it this rating based on current information written in this article.

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About Top Ships:
Top Ships are an international owner of modern, fuel efficient “ECO” tanker vessels focusing on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals. Please see our “Fleet”.

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