DryShips (NASDAQ:DRYS) was downgraded by BidaskClub from a “hold” rating to a “sell” 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 note on Wednesday, December 6th.

DryShips (NASDAQ DRYS) traded down $0.01 on Thursday, hitting $3.79. The stock had a trading volume of 1,024,500 shares, compared to its average volume of 1,800,000. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.11. The firm has a market cap of $395.20, a PE ratio of 0.00 and a beta of 2.19. DryShips has a 1-year low of $0.98 and a 1-year high of $17,483.23.

DryShips (NASDAQ:DRYS) last posted its quarterly earnings results on Tuesday, November 21st. The shipping company reported ($0.42) EPS for the quarter. DryShips had a negative net margin of 177.74% and a negative return on equity of 33.32%.

A hedge fund recently raised its stake in DryShips stock. Virtu KCG Holdings LLC boosted its position in DryShips Inc. (NASDAQ:DRYS) by 36.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 about 48.49% of DryShips worth $175,000 as of its most recent SEC filing. 2.19% of the stock is owned by institutional investors and hedge funds.

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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.

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