DryShips Inc. (NASDAQ:DRYS) shares saw strong trading volume on Thursday . 3,488,479 shares changed hands during trading, an increase of 112% from the previous session’s volume of 1,644,953 shares.The stock last traded at $3.64 and had previously closed at $3.59.

Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of DryShips from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. ValuEngine upgraded shares of DryShips from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th.

The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.11.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.024 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.10 annualized dividend and a dividend yield of 2.89%. DryShips’s dividend payout ratio (DPR) is currently 0.00%.

Several institutional investors have recently modified their holdings of DRYS. Covalis Capital LLP acquired a new position in DryShips in the fourth quarter valued at about $136,000. Virtu KCG Holdings LLC boosted its position in 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 buying an additional 36,878 shares in the last quarter. Finally, Sei Investments Co. acquired a new position in DryShips in the third quarter valued at about $200,000. Institutional investors and hedge funds own 2.15% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “DryShips (DRYS) Sees Unusually-High Trading Volume” was posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.dailypolitical.com/2018/02/10/dryships-drys-sees-unusually-high-trading-volume.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.