Shares of DRYS traded higher by 3.22% or $0.12/share to $3.85. DryShips, Inc. is trading at a price to book ratio of 0.43. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.43 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.66. On average, 7980310 shares of DRYS exchange hands on a given day and today's volume is recorded at 1645415. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.
DryShips Inc. is a holding company. The Company is engaged in the ocean transportation services of drybulk cargoes worldwide through the ownership and operation of the drybulk carrier vessels and deepwater drilling rig services through the ownership of ultra-deep water drilling rigs.
