Any risk-tolerant investor will be hard pressed to find a penny stock that better embodies the description than Greek oil tanker operator Top Ships (TOPS). Shares are going for $0.11 apiece, after a multi-year ride to the bottom. In 2020 alone, the stock is down by 86% so far. Adding insult to injury, the only analyst on Wall Street keeping a close eye on the vessel operator recently downgraded his rating.Maxim analyst Tate Sullivan dropped his rating from Buy to Hold and also removed his price target, citing “potential for delays at shipyards delivering five new ships to TOPS in …read more
Source:: Yahoo Finance
