Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.DryShips ( DRYS) pushed the Transportation industry higher today making it today's featured transportation winner. The industry as a whole closed the day down 1.0%. By the end of trading, DryShips rose $0.04 (1.2%) to $3.46 on light volume. Throughout the day, 6,371,429 shares of DryShips exchanged hands as compared to its average daily volume of 15,036,200 shares. The stock ranged in a price between $3.42-$3.51 after having opened the day at $3.45 as compared to the previous trading day's close of $3.42. Other companies within the Transportation industry that increased today were: Global Ship Lease ( GSL), up 11.9%, ModusLink Global Solutions ( MLNK), up 8.6%, Baltic Trading ( BALT), up 4.5% and USA Truck ( USAK), up 4.4%.
DryShips Inc. owns drybulk carriers and tankers that operate worldwide. DryShips has a market cap of $1.5 billion and is part of the services sector. Shares are up 114.4% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate DryShips a buy, 1 analyst rates it a sell, and 5 rate it a hold. TheStreet Ratings rates DryShips as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.