DryShips (NASDAQ:DRYS) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.
Separately, ValuEngine upgraded DryShips from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th.
DryShips (NASDAQ:DRYS) traded down $0.01 during trading hours on Thursday, hitting $3.79. The company had a trading volume of 1,025,006 shares, compared to its average volume of 1,363,800. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.01 and a current ratio of 4.01. The company has a market capitalization of $395.20, a P/E ratio of 0.00 and a beta of 2.21. DryShips has a fifty-two week low of $0.98 and a fifty-two week high of $17,483.20.
DryShips (NASDAQ:DRYS) last posted its quarterly earnings data on Tuesday, November 21st. The shipping company reported ($0.42) earnings per share (EPS) for the quarter. DryShips had a negative return on equity of 33.32% and a negative net margin of 177.74%.
An institutional investor recently raised its position in DryShips stock. Virtu KCG Holdings LLC raised its stake in DryShips Inc. (NASDAQ:DRYS) by 36.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,710 shares of the shipping company’s stock after purchasing an additional 36,878 shares during the quarter. Virtu KCG Holdings LLC owned approximately 48.49% of DryShips worth $175,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 2.19% of the company’s stock.
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DryShips, Inc is a holding company. The Company owns drybulk carriers and offshore support vessels. The Company operates through two segments: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries.
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