DryShips Inc. (DRYS) was one of the best performers amongst all companies listed in the services sector on the NYSE and NASDAQ exchanges during trading on September 21, climbing 3.82% to wrap the day at $0.44 after closing the day prior at $0.42. Throughout the trading session, shares of DRYS rose as high as $0.45 and dipped as low as $0.41. Today’s advance came with about 644,683 shares changing hands, compared to an average 30-day volume of 1.33 million for DryShips Inc.. The price is currently below the 30-day volume weighted average price of $0.43 for DRYS.
The share appreciation today gives the company a market capitalization of $786,267 based upon 1.86 million shares outstanding. It also means that DRYS has a price-to-book ratio of 0.92:1.
In the past 52 weeks, shares of DRYS have traded as low as $0.41 and as high as $29.06. Technical traders will take note that at $0.44, shares of DRYS are trading below their 200-day MA at $7.64 and below their 50-day MA at $1.14. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is DRYS?
DryShips Inc is provider of ocean transportation services for drybulk & petroleum cargoes through its ownership & operation of drybulk carrier vessels & oil tankers. It also provides offshore drilling services. The company’s 296 employees are led by CEO George Economou from the corporate headquarters at 109 Kifisias Avenue and Sina Street in Marousi, Athens.
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