DryShips Inc. (NASDAQ:DRYS) gapped down before the market opened on Tuesday . The stock had previously closed at $2.76, but opened at $2.91. DryShips shares last traded at $2.81, with a volume of 1837232 shares trading hands.

DRYS has been the topic of several recent analyst reports. BidaskClub downgraded DryShips from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 30th. ValuEngine upgraded DryShips from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th.

The company has a debt-to-equity ratio of 0.11, a current ratio of 4.01 and a quick ratio of 4.01. The stock has a market cap of $297.18, a price-to-earnings ratio of 0.00 and a beta of 1.84.

DryShips (NASDAQ:DRYS) last issued its quarterly earnings results on Tuesday, November 21st. The shipping company reported ($0.42) earnings per share for the quarter. DryShips had a negative return on equity of 33.32% and a negative net margin of 177.74%. The business had revenue of $29.93 million during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Tuesday, February 20th will be paid a $0.024 dividend. The ex-dividend date is Friday, February 16th. This represents a $0.10 annualized dividend and a yield of 2.63%. DryShips’s dividend payout ratio (DPR) is currently 0.00%.

An institutional investor recently raised its position in DryShips stock. Virtu KCG Holdings LLC raised its stake in shares of DryShips Inc. (NASDAQ:DRYS) by 36.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,710 shares of the shipping company’s stock after acquiring an additional 36,878 shares during the quarter. Virtu KCG Holdings LLC owned approximately 48.49% of DryShips worth $175,000 at the end of the most recent reporting period. 2.15% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “DryShips (DRYS) Shares Gap Down to $2.91” was published by Daily Political and is owned by of Daily Political. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.dailypolitical.com/2018/02/08/dryships-drys-shares-gap-down-to-2-91.html.

DryShips Company Profile

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.

Receive News & Ratings for DryShips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DryShips and related companies with MarketBeat.com's FREE daily email newsletter.