Somewhat Favorable News Coverage Somewhat Unlikely to Affect DryShips (DRYS) Share Price

Media headlines about DryShips (NASDAQ:DRYS) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DryShips earned a media sentiment score of 0.01 on Accern’s scale. Accern also gave headlines about the shipping company an impact score of 46.1678853456223 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

DRYS has been the subject of a number of analyst reports. Vetr raised DryShips from a “strong sell” rating to a “sell” rating and set a $16.24 price objective for the company in a research note on Monday, June 26th. ValuEngine lowered DryShips from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd.

Shares of DryShips (DRYS) remained flat at $2.55 during trading on Friday. 1,682,069 shares of the company traded hands. The company has a 50 day moving average of $2.46 and a 200-day moving average of $382.44. The company’s market capitalization is $5.11 million. DryShips has a 12-month low of $0.98 and a 12-month high of $799,680.00.

DryShips (NASDAQ:DRYS) last announced its earnings results on Wednesday, August 30th. The shipping company reported ($37.12) EPS for the quarter. The company had revenue of $16.38 million during the quarter. DryShips had a negative return on equity of 49.79% and a negative net margin of 218.76%. Equities analysts anticipate that DryShips will post $0.07 earnings per share for the current year.

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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.

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