DryShips stock opened at $5.23 on Friday. The firm has a 50 day moving average price of $4.46 and a 200-day moving average price of $4.28. DryShips has a twelve month low of $3.08 and a twelve month high of $7.22. The company has a market capitalization of $456.21 million, a P/E ratio of 19.22 and a beta of 0.23. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.37.
Several large investors have recently modified their holdings of DRYS. Citadel Advisors LLC purchased a new stake in DryShips during the 2nd quarter valued at $91,000. Marshall Wace LLP increased its position in DryShips by 933.6% during the 2nd quarter. Marshall Wace LLP now owns 138,178 shares of the shipping company’s stock valued at $528,000 after buying an additional 124,809 shares in the last quarter. Morgan Stanley raised its position in shares of DryShips by 16,562.3% in the 2nd quarter. Morgan Stanley now owns 366,570 shares of the shipping company’s stock worth $1,401,000 after purchasing an additional 364,370 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in DryShips by 379.4% in the second quarter. Tower Research Capital LLC TRC now owns 11,663 shares of the shipping company’s stock worth $45,000 after buying an additional 9,230 shares during the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new position in DryShips in the 2nd quarter worth approximately $104,000. 1.39% of the stock is currently owned by hedge funds and other institutional investors.
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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