DryShips Inc. (NASDAQ:DRYS) Raised to Hold at ValuEngine

George Economou DryShips' Chairman and Chief Executive Officer

George Economou DryShips' Chairman and Chief Executive Officer

This represents a $0.38 annualized dividend and a dividend yield of 41.09%. This dividend's record date is Jul 20, 2017 and the announcement date is Jul 10, 2017.

Shares of AbbVie Inc (NYSE:ABBV) declined 0.65% to $73.11, during its last trading session. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -65.45% where SMA50 and SMA200 are -92.08% and -99.97% respectively.

DryShips, Inc.'s average Book Value per Share Growth Rate was -98.2 percent during the past 12 months. The Market Cap of the company is $4.94 Million.

ILLEGAL ACTIVITY WARNING: "DryShips (DRYS) Earning Favorable Press Coverage, Study Shows" was originally reported by Markets Daily and is the property of of Markets Daily. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and global copyright and trademark law.

A number of brokerages have weighed in on DRYS. (NASDAQ:DRYS) from a strong sell rating to a sell rating in a report released on Monday, June 26th.

Separately, ValuEngine cut shares of DryShips from a hold rating to a sell rating in a report on Friday, June 23rd. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/07/17/dryships-inc-drys-upgraded-to-sell-by-vetr-inc-updated-updated.html.

Now the shares of DryShips, Inc. Because of these issues, institutional investors seldom invest in low-float stocks. Creative Planning now owns 486,717 shares of the shipping company's stock worth $618,000 after buying an additional 375,511 shares in the last quarter. Finally, KCG Holdings Inc. increased its position in shares of DryShips by 175.0% in the first quarter. Accern also assigned news articles about the shipping company an impact score of 87 out of 100, indicating that recent press coverage is very likely to have an effect on the company's share price in the next few days.

Yet another important factor while evaluating a good buy/sell decision for DryShips, Inc. FNY Partners Fund LP purchased a new position in DryShips during the first quarter valued at $681,000.

DryShips is holding company that owns drybulk carriers and offshore support vessels. The Company operates through two segments: the drybulk carrier and the offshore support.

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