BidaskClub upgraded shares of DryShips (NASDAQ:DRYS) from a sell rating to a hold rating in a research note published on Thursday, BidAskClub reports.
Shares of NASDAQ:DRYS opened at $3.69 on Thursday. DryShips has a 52-week low of $3.08 and a 52-week high of $7.22. The company has a market capitalization of $321.89 million, a P/E ratio of 13.67 and a beta of 0.36. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.37.
DryShips (NASDAQ:DRYS) last announced its quarterly earnings data on Wednesday, May 15th. The shipping company reported $0.02 earnings per share (EPS) for the quarter. DryShips had a return on equity of 3.92% and a net margin of 12.13%. The company had revenue of $43.08 million for the quarter.
A number of large investors have recently made changes to their positions in the stock. Creative Planning grew its stake in DryShips by 9.4% in the first quarter. Creative Planning now owns 41,771 shares of the shipping company’s stock worth $193,000 after purchasing an additional 3,590 shares in the last quarter. Barclays PLC grew its stake in DryShips by 9.6% in the fourth quarter. Barclays PLC now owns 32,893 shares of the shipping company’s stock worth $186,000 after purchasing an additional 2,876 shares in the last quarter. Millennium Management LLC bought a new position in DryShips in the fourth quarter worth approximately $123,000. Finally, Marshall Wace LLP bought a new position in DryShips in the first quarter worth approximately $62,000. 0.69% of the stock is currently owned by institutional investors.
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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