DryShips (DRYS) Shares Gap Down to $3.49
DryShips Inc. (NASDAQ:DRYS) gapped down before the market opened on Thursday . The stock had previously closed at $3.40, but opened at $3.49. DryShips shares last traded at $3.49, with a volume of 2300100 shares.
A number of equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of DryShips from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. ValuEngine raised shares of DryShips from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th.
The company has a debt-to-equity ratio of 0.30, a current ratio of 4.01 and a quick ratio of 4.01. The stock has a market capitalization of $374.39, a P/E ratio of 0.00 and a beta of 1.56.
Several institutional investors and hedge funds have recently bought and sold shares of DRYS. Covalis Capital LLP bought a new stake in shares of DryShips during the fourth quarter worth approximately $136,000. Sei Investments Co. bought a new stake in DryShips in the third quarter valued at approximately $200,000. Deutsche Bank AG increased its stake in DryShips by 3,145.4% in the fourth quarter. Deutsche Bank AG now owns 75,424 shares of the shipping company’s stock valued at $266,000 after purchasing an additional 73,100 shares in the last quarter. Centenus Global Management LP bought a new stake in DryShips in the fourth quarter valued at approximately $275,000. Finally, Millennium Management LLC bought a new stake in DryShips in the fourth quarter valued at approximately $777,000. 2.16% of the stock is owned by institutional investors and hedge funds.
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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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