DryShips Inc. (DRYS): Today's Featured Transportation Winner

DryShips Inc ( DRYS) pushed the Transportation industry higher today making it today's featured transportation winner. The industry as a whole closed the day down 0.3%. By the end of trading, DryShips Inc rose 26 cents (11.6%) to $2.51 on average volume. Throughout the day, 6.3 million shares of DryShips Inc exchanged hands as compared to its average daily volume of 6.4 million shares. The stock ranged in a price between $2.26-$2.51 after having opened the day at $2.28 as compared to the previous trading day's close of $2.25. Other companies within the Transportation industry that increased today were: TBS International ( TBSI), up 21.6%, AMR ( AMR), up 18.8%, FreeSeas Inc ( FREE), up 11.6%, and DS Torm ( TRMD), up 10%.

DryShips, Inc., through its subsidiaries, engages in the ownership and operation of drybulk carriers and drilling rigs that operate worldwide. DryShips Inc has a market cap of $876.1 million and is part of the services sector. The company has a P/E ratio of 19.5, above the average transportation industry P/E ratio of 4.6 and above the S&P 500 P/E ratio of 17.7. Shares are down 59% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates DryShips as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

On the negative front, Scorpio Tankers Inc ( STNG), down 19.7%, UTi Worldwide Inc ( UTIW), down 13.2%, Grupo TMM S.A ( TMM), down 9.2%, and Patriot Transportation Holdings Inc ( PATR), down 8.6%, were all losers within the transportation industry with CH Robinson Worldwide Inc ( CHRW) being today's transportation industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider iShares Dow Jones Transportation ( IYT) while those bearish on the transportation industry could consider ProShares UltraShort Industrials ( SIJ).

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