DryShips Inc. (DRYS) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 23. At the lunch break, shares of DRYS have tacked on 4.14% to $0.5 after closing the day prior at $0.48. In the first two and a half hours of trading, the stock has gone as high as $0.54 and as low as $0.49. Today’s rise has come with about 944,247 shares changing hands, compared to an average 30-day volume of 1.35 million for DryShips Inc.. The price is currently below the 30-day volume weighted average price of $0.51 for DRYS.
The share appreciation gives the company a market capitalization of $896,568 based upon 1.86 million shares outstanding. It also means that DRYS has a price-to-book ratio of 1.05:1.
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 $0.5, shares of DRYS are trading below their 200-day MA at $7.5 and below their 50-day MA at $1.09. 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.
For more information on DRYS and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.
All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.
FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.