DryShips (DRYS) Downgraded by BidaskClub

BidaskClub downgraded shares of DryShips (NASDAQ:DRYS) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday, March 27th, BidAskClub reports.

Shares of NASDAQ:DRYS traded down $0.07 during midday trading on Wednesday, reaching $4.31. 128,690 shares of the company traded hands, compared to its average volume of 271,067. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.56 and a current ratio of 3.56. DryShips has a 12 month low of $3.40 and a 12 month high of $7.22. The firm has a market cap of $375.97 million, a price-to-earnings ratio of 16.58 and a beta of 0.37.

DryShips (NASDAQ:DRYS) last posted its quarterly earnings results on Thursday, February 28th. The shipping company reported $0.06 EPS for the quarter. The business had revenue of $49.26 million for the quarter. DryShips had a return on equity of 3.74% and a net margin of 11.70%.

Several hedge funds and other institutional investors have recently made changes to their positions in DRYS. Barclays PLC increased its position in shares of DryShips by 9.6% during 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. Northern Trust Corp acquired a new position in shares of DryShips in the 2nd quarter valued at $203,000. Finally, Millennium Management LLC acquired a new position in shares of DryShips in the 4th quarter valued at $123,000. Hedge funds and other institutional investors own 0.56% of the company’s stock.

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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