BidaskClub upgraded shares of DryShips (NASDAQ:DRYS) from a sell rating to a hold rating in a research note issued to investors on Thursday.

Separately, ValuEngine raised DryShips from a sell rating to a hold rating in a research report on Wednesday, December 6th.

Shares of DryShips (DRYS) traded down $0.06 during trading hours on Thursday, reaching $3.82. The company’s stock had a trading volume of 1,885,400 shares, compared to its average volume of 1,911,300. DryShips has a fifty-two week low of $0.98 and a fifty-two week high of $25,480.00. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.11. The stock has a market cap of $398.33, a price-to-earnings ratio of 0.00 and a beta of 2.19.

Large investors have recently modified their holdings of the business. Virtu KCG Holdings LLC raised its position in DryShips by 36.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 137,710 shares of the shipping company’s stock worth $175,000 after buying an additional 36,878 shares during the last quarter. FNY Partners Fund LP raised its position in DryShips by 89.8% in the 2nd quarter. FNY Partners Fund LP now owns 28,000 shares of the shipping company’s stock worth $248,000 after buying an additional 13,250 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in DryShips in the 3rd quarter worth about $200,000. 2.19% of the stock is owned by institutional investors and hedge funds.

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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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