Shares of DRYS traded higher by 3.54% or $0.08/share to $2.34. NASDAQ is trading at a price to book ratio of 0.31. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.71 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.74. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 4772990 shares of DRYS exchange hands on a given day and today's volume is recorded at 2043569. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
DryShips Inc. (DryShips) is a holding company engaged in the ocean transportation services of drybulk cargoes and crude oil worldwide through the ownership and operation of drybulk carrier vessels and oil tankers and offshore drilling services through the ownership and operation of ultra-deepwater drilling units.
