DryShips (DRYS) Stock Rating Upgraded by ValuEngine

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

Shares of DryShips (DRYS) opened at $3.91 on Wednesday. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.11. DryShips has a 52 week low of $0.98 and a 52 week high of $48,216.00.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FNY Partners Fund LP grew its stake 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 period. Sei Investments Co. purchased a new position in shares of DryShips in the third quarter valued at $200,000. Finally, Virtu KCG Holdings LLC boosted its stake in shares of DryShips by 36.6% in the second quarter. Virtu KCG Holdings LLC now owns 137,710 shares of the shipping company’s stock valued at $175,000 after purchasing an additional 36,878 shares during the period. Institutional investors own 2.37% of the company’s stock.

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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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