BidaskClub lowered shares of DryShips (NASDAQ:DRYS) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

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

DryShips (NASDAQ:DRYS) traded up $0.02 during trading on Thursday, hitting $3.48. 1,367,600 shares of the stock were exchanged, compared to its average volume of 3,791,609. DryShips has a fifty-two week low of $0.98 and a fifty-two week high of $35,280.00. The stock has a market capitalization of $363.81, a price-to-earnings ratio of 0.00 and a beta of 2.18. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.01 and a quick ratio of 4.01.

Hedge funds have recently made changes to their positions in the company. Virtu KCG Holdings LLC boosted its position in shares of DryShips by 36.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 137,710 shares of the shipping company’s stock valued at $175,000 after acquiring an additional 36,878 shares during the last quarter. Sei Investments Co. acquired a new position in shares of DryShips during the 3rd quarter valued at about $200,000. Finally, FNY Partners Fund LP boosted its position in shares of DryShips by 89.8% during the 2nd quarter. FNY Partners Fund LP now owns 28,000 shares of the shipping company’s stock valued at $248,000 after acquiring an additional 13,250 shares during the last quarter. 2.19% of the stock is currently owned by hedge funds and other institutional investors.

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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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