DryShips (NASDAQ:DRYS) Upgraded to “Sell” at BidaskClub

BidaskClub upgraded shares of DryShips (NASDAQ:DRYS) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday morning, BidAskClub reports.

Shares of DRYS opened at $3.88 on Tuesday. DryShips has a 52-week low of $3.08 and a 52-week high of $7.22. The firm has a market capitalization of $275.65 million, a price-to-earnings ratio of 11.70 and a beta of 0.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.16 and a quick ratio of 3.16.

DryShips (NASDAQ:DRYS) last issued its quarterly earnings data on Wednesday, May 15th. The shipping company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $43.08 million during the quarter. DryShips had a return on equity of 3.92% and a net margin of 12.13%.

Several large investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new stake in shares of DryShips during the 1st quarter worth about $62,000. Jane Street Group LLC increased its position in shares of DryShips by 89.3% during the 1st quarter. Jane Street Group LLC now owns 24,198 shares of the shipping company’s stock worth $112,000 after purchasing an additional 11,418 shares during the last quarter. Creative Planning increased its position in shares of DryShips by 9.4% during the 1st quarter. Creative Planning now owns 41,771 shares of the shipping company’s stock worth $193,000 after purchasing an additional 3,590 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of DryShips during the 4th quarter worth about $123,000. Finally, Barclays PLC increased its position in shares of DryShips by 9.6% during the 4th quarter. Barclays PLC now owns 32,893 shares of the shipping company’s stock worth $186,000 after purchasing an additional 2,876 shares during the last quarter. 0.69% of the stock is owned by hedge funds and other institutional investors.

About DryShips

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.

Further Reading: Derivative

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