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

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 lower today making it today's featured Transportation laggard. The industry as a whole closed the day up 0.7%. By the end of trading, DryShips fell $0.12 (-2.9%) to $4.02 on heavy volume. Throughout the day, 24,814,187 shares of DryShips exchanged hands as compared to its average daily volume of 14,057,300 shares. The stock ranged in price between $3.96-$4.37 after having opened the day at $4.28 as compared to the previous trading day's close of $4.14. Other companies within the Transportation industry that declined today were: Newlead Holdings ( NEWL), down 30.3%, Copa Holdings ( CPA), down 7.7%, Genco Shipping & Trading ( GNK), down 5.1% and FreeSeas ( FREE), down 3.3%.

DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes, and offshore drilling services. The company operates through Drybulk Carrier, Tanker, and Offshore Drilling segments. DryShips has a market cap of $1.7 billion and is part of the services sector. Shares are down 17.4% year to date as of the close of trading on Wednesday. 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 robust revenue growth, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

On the positive front, China Metro-Rural Holdings ( CNR), up 14.7%, Hawaiian Holdings ( HA), up 8.4%, Allegiant Travel Company ( ALGT), up 6.8% and Navios Maritime Holdings ( NM), up 5.5% , were all gainers within the transportation industry with Kansas City Southern ( KSU) being today's featured transportation industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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