DryShips (DRYS) Raised to “Hold” at ValuEngine

DryShips (NASDAQ:DRYS) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Shares of DryShips (NASDAQ:DRYS) traded down $0.10 during midday trading on Wednesday, reaching $3.85. The company’s stock had a trading volume of 1,888,011 shares, compared to its average volume of 3,899,020. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.01 and a current ratio of 4.01. DryShips has a 1 year low of $0.98 and a 1 year high of $48,216.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in DRYS. Sei Investments Co. acquired a new position in DryShips during the third quarter worth approximately $200,000. Virtu KCG Holdings LLC increased its position in DryShips by 36.6% during the second 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. Finally, FNY Partners Fund LP increased its position in DryShips by 89.8% during the second 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. 2.37% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “DryShips (DRYS) Raised to “Hold” at ValuEngine” was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/06/dryships-drys-raised-to-hold-at-valuengine.html.

About DryShips

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for DryShips Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DryShips Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply