DryShips (NASDAQ:DRYS) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Saturday.
Separately, ValuEngine raised shares of DryShips from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th.
Shares of DRYS stock opened at $6.22 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.25 and a quick ratio of 4.25. DryShips has a 52 week low of $2.74 and a 52 week high of $6.90. The company has a market capitalization of $550.15 million, a price-to-earnings ratio of 30.56 and a beta of 1.37.
DryShips (NASDAQ:DRYS) last issued its quarterly earnings results on Tuesday, July 31st. The shipping company reported $0.02 EPS for the quarter. DryShips had a net margin of 15.27% and a return on equity of 2.39%. The company had revenue of $43.26 million during the quarter.
A number of hedge funds have recently modified their holdings of the business. Creative Planning boosted its position in DryShips by 22.6% in the 2nd quarter. Creative Planning now owns 79,678 shares of the shipping company’s stock valued at $419,000 after buying an additional 14,700 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of DryShips by 932.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 26,787 shares of the shipping company’s stock valued at $141,000 after purchasing an additional 24,192 shares in the last quarter. Northern Trust Corp acquired a new stake in shares of DryShips in the 2nd quarter valued at $203,000. Jane Street Group LLC acquired a new stake in shares of DryShips in the 2nd quarter valued at $292,000. Finally, Millennium Management LLC raised its holdings in shares of DryShips by 123.4% in the 2nd quarter. Millennium Management LLC now owns 139,198 shares of the shipping company’s stock valued at $732,000 after purchasing an additional 76,884 shares in the last quarter. 1.89% of the stock is owned by institutional investors.
DryShips Company Profile
DryShips Inc owns and operates ocean going cargo vessels worldwide. It operates through four segments: Drybulk Carrier, Tanker, Gas Carrier, and Offshore Support. The Drybulk Carrier segment offers drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries.
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