DryShips (NASDAQ:DRYS) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, ValuEngine upgraded DryShips from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd.

DRYS stock opened at $4.36 on Friday. DryShips has a twelve month low of $1.84 and a twelve month high of $6.90. The company has a quick ratio of 4.25, a current ratio of 4.25 and a debt-to-equity ratio of 0.58.

DryShips (NASDAQ:DRYS) last posted its earnings results on Tuesday, July 31st. The shipping company reported $0.02 earnings per share for the quarter. DryShips had a negative return on equity of 2.27% and a net margin of 0.39%. The company had revenue of $43.26 million for the quarter.

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in shares of DryShips by 932.3% during the second quarter. Tower Research Capital LLC TRC now owns 26,787 shares of the shipping company’s stock valued at $141,000 after acquiring an additional 24,192 shares during the last quarter. Deutsche Bank AG increased its position in shares of DryShips by 3,145.4% during the fourth quarter. Deutsche Bank AG now owns 75,424 shares of the shipping company’s stock valued at $266,000 after acquiring an additional 73,100 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of DryShips during the second quarter valued at approximately $292,000. Creative Planning increased its position in shares of DryShips by 22.6% during the second quarter. Creative Planning now owns 79,678 shares of the shipping company’s stock valued at $419,000 after acquiring an additional 14,700 shares during the last quarter. Finally, Price Capital Management Inc. purchased a new stake in shares of DryShips during the second quarter valued at approximately $646,000. Institutional investors own 3.70% 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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