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Last $0.74 USD
Change Today -0.0101 / -1.35%
Volume 6.7M
DRYS On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 5:20 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

dryships inc (DRYS) Snapshot

Open
$0.74
Previous Close
$0.75
Day High
$0.75
Day Low
$0.71
52 Week High
06/17/14 - $3.55
52 Week Low
04/21/15 - $0.71
Market Cap
495.7M
Average Volume 10 Days
4.0M
EPS TTM
$-0.02
Shares Outstanding
670.0M
EX-Date
01/22/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DRYSHIPS INC (DRYS)

dryships inc (DRYS) Related Businessweek News

No Related Businessweek News Found

dryships inc (DRYS) Details

DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes, and offshore deepwater drilling services. The company operates through Drybulk, Tanker, and Drilling segments. The Drybulk segment provides drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries. The Drilling segment offers ultra deep water drilling services. The Tanker segment provides transportation services of crude and refined petroleum cargoes. As of February 25, 2015, it owned a fleet of 39 drybulk carriers comprising 13 Capesize, 24 Panamax, and 2 Supramax carriers with a combined deadweight tonnage of approximately 4.3 million tons; 10 tankers, including 4 Suezmax and 6 Aframax tankers with a combined deadweight tonnage of approximately 1.3 million tons; and 13 offshore ultra deepwater drilling units comprising 2 ultra deepwater semisubmersible drilling rigs and 11 ultra deepwater drillships. The company was founded in 2004 and is based in Athens, Greece.

2,466 Employees
Last Reported Date: 03/10/15
Founded in 2004

dryships inc (DRYS) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

dryships inc (DRYS) Key Developments

Dryships Inc. Announces Receipt of NASDAQ Notice

DryShips Inc. announced it has received written notification from The Nasdaq Stock Market ("Nasdaq") dated April 13, 2015, indicating that because the closing bid price of the Company's common stock for the last 30 consecutive business days was below $1.00 per share, the Company no longer meets the minimum bid price requirement for the Nasdaq Global Select Market, set forth in Nasdaq Listing Rule 5450(a)(1). Pursuant to the Nasdaq Listing Rules, the applicable grace period to regain compliance is 180 days, or until October 12, 2015. The Company intends to monitor the closing bid price of its common stock between now and October 12, 2015 and is considering its options, including a reverse stock split, in order to regain compliance with the Nasdaq Global Select Market minimum bid price requirement. The Company can cure this deficiency if the closing bid price of its common stock is $1.00 per share or higher for at least ten consecutive business days during the grace period. In the event the Company does not regain compliance within the 180-day grace period and it meets all other listing standards and requirements, the Company may be eligible for an additional 180-day grace period if it transfers to the Nasdaq Capital Market. The Company intends to cure the deficiency within the prescribed grace period. During this time, the Company's common stock will continue to be listed and trade on the Nasdaq Global Select Market. The Company's business operations are not affected by the receipt of the notification.

DryShips, Inc. Auditor Raises 'Going Concern' Doubt

DryShips, Inc. filed its 20-F on Mar 10, 2015 for the period ending Dec 31, 2014. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

DryShips Seeks Financing

DryShips, Inc. (NasdaqGS:DRYS) is seeking financing. DryShips Chairman George Economou said "We're exploring both an IPO and other possibilities. We'll be guided by the market. If there is a substantial discount, we'll pursue other alternatives,"

 

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DRYS Competitors

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Industry Analysis

DRYS

Industry Average

Valuation DRYS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.2x
Price/Cash Flow 1.2x
TEV/Sales NM Not Meaningful
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