DryShips (NASDAQ:DRYS) Shares Cross Above Fifty Day Moving Average of $3.66

DryShips Inc. (NASDAQ:DRYS) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.66 and traded as high as $3.88. DryShips shares last traded at $3.85, with a volume of 2,605 shares changing hands.

Separately, BidaskClub raised shares of DryShips from a “sell” rating to a “hold” rating in a report on Thursday, June 20th.

The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $375.97 million, a PE ratio of 14.15 and a beta of 0.51. The stock’s fifty day moving average price is $3.65.

DryShips (NASDAQ:DRYS) last posted its quarterly earnings data on Wednesday, May 15th. The shipping company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $43.08 million during the quarter. DryShips had a net margin of 12.13% and a return on equity of 3.92%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP bought a new stake in DryShips in the 1st quarter valued at about $62,000. Millennium Management LLC bought a new stake in shares of DryShips during the 4th quarter worth approximately $123,000. Barclays PLC lifted its holdings in shares of DryShips by 9.6% during the 4th quarter. Barclays PLC now owns 32,893 shares of the shipping company’s stock worth $186,000 after acquiring an additional 2,876 shares during the period. Finally, Creative Planning lifted its holdings in shares of DryShips by 9.4% during the 1st quarter. Creative Planning now owns 41,771 shares of the shipping company’s stock worth $193,000 after acquiring an additional 3,590 shares during the period. 0.69% of the stock is owned by hedge funds and other institutional investors.

DryShips Company Profile (NASDAQ:DRYS)

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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