The stock of DryShips Inc. (NASDAQ:DRYS) is a huge mover today! About 173,797 shares traded hands or 230.08% up from the average. DryShips Inc. (NASDAQ:DRYS) has declined 83.50% since April 8, 2016 and is downtrending. It has underperformed by 89.14% the S&P500.
The move comes after 9 months positive chart setup for the $7.94 million company. It was reported on Nov, 10 by Barchart.com. We have $12.58 PT which if reached, will make NASDAQ:DRYS worth $8.02 million more.
Analysts await DryShips Inc. (NASDAQ:DRYS) to report earnings on December, 5.
According to Zacks Investment Research, “Dryships Inc., based in Greece, is an owner and operator of drybulk carriers that operate worldwide.”
More notable recent DryShips Inc. (NASDAQ:DRYS) news were published by: Marketwatch.com which released: “DryShips Inc. Announces Registered Direct Offering” on June 08, 2016, also Marketwired.com with their article: “DryShips Inc. Reports Financial and Operating Results for the Third Quarter 2016” published on November 09, 2016, Marketwatch.com published: “DryShips Inc. Announces Closing of Registered Direct Offering” on June 15, 2016. More interesting news about DryShips Inc. (NASDAQ:DRYS) were released by: Seekingalpha.com and their article: “DryShips: The End Of The Road?” published on September 19, 2016 as well as Marketwired.com‘s news article titled: “DryShips Inc. Announces Deleveraging Transaction and Vessel Sale” with publication date: September 14, 2016.
DRYS Company Profile
DryShips, Inc., incorporated on October 9, 2004, is a holding company. The Firm owns drybulk carriers and offshore support vessels. The Firm operates through two divisions: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a well-known provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries. Under its offshore support segment, the Company operates as a well-known provider of offshore support services to the global offshore energy industry. The Firm owns a fleet of approximately 20 Panamax drybulk carriers, which have a combined deadweight tonnage (dwt) of approximately 1.5 million dwt and an average age of approximately 10 years, and six offshore supply vessels, comprising over two platform supply and four oil spill recovery vessels and have an average age of approximately 3.1 years.
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