BidaskClub Upgrades DryShips (DRYS) to “Buy”
BidaskClub upgraded shares of DryShips (NASDAQ:DRYS) from a hold rating to a buy rating in a research report released on Wednesday.
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 opened at $5.47 on Wednesday. The company has a quick ratio of 4.25, a current ratio of 4.25 and a debt-to-equity ratio of 0.58. DryShips has a 52 week low of $2.33 and a 52 week high of $6.90.
Several institutional investors and hedge funds have recently made changes to their positions in DRYS. Tower Research Capital LLC TRC raised its position in DryShips by 932.3% in the second quarter. Tower Research Capital LLC TRC now owns 26,787 shares of the shipping company’s stock worth $141,000 after purchasing an additional 24,192 shares in the last quarter. Northern Trust Corp acquired a new position in DryShips in the second quarter worth about $203,000. Jane Street Group LLC acquired a new position in DryShips in the second quarter worth about $292,000. Creative Planning raised its position in DryShips by 22.6% in the second quarter. Creative Planning now owns 79,678 shares of the shipping company’s stock worth $419,000 after purchasing an additional 14,700 shares in the last quarter. Finally, Price Capital Management Inc. acquired a new position in DryShips in the second quarter worth about $646,000. 1.88% of the stock is owned by institutional investors and hedge funds.
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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