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TOP Ships Slides; Announcing 1-for-20 Reverse Stock Split

September 23, 2022 — 09:57 am EDT

Written by RTTNews.com for RTTNews ->

(RTTNews) - TOP Ships Inc. (TOPS) shares are sliding more than 7 percent on Friday morning trade. The shares have been on a decline for the last several days. Thursday after the bell, the company announced 1-for-20 reverse stock split of its common shares.

Currently, shares are at $2.23, down 7.08 percent from the previous close of $2.4 on a volume of 2,019,852.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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