DryShips (DRYS) Lowered to “Sell” at BidaskClub
DryShips (NASDAQ:DRYS) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
Separately, ValuEngine raised shares of DryShips from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th.
DryShips (DRYS) traded up $0.01 during midday trading on Thursday, hitting $3.80. 1,047,400 shares of the company’s stock were exchanged, compared to its average volume of 1,970,000. The company has a market capitalization of $396.24, a PE ratio of 0.00 and a beta of 2.19. DryShips has a 12-month low of $0.98 and a 12-month high of $19,051.24. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.11.
An institutional investor recently raised its position in DryShips stock. Virtu KCG Holdings LLC lifted its holdings in shares of DryShips Inc. (NASDAQ:DRYS) by 36.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 137,710 shares of the shipping company’s stock after purchasing an additional 36,878 shares during the period. Virtu KCG Holdings LLC owned 48.49% of DryShips worth $175,000 as of its most recent filing with the SEC. Institutional investors own 2.19% of the company’s stock.
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DryShips Company Profile
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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