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

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 0.6%. By the end of trading, DryShips rose $0.05 (1.6%) to $3.26 on average volume. Throughout the day, 11,321,127 shares of DryShips exchanged hands as compared to its average daily volume of 11,736,200 shares. The stock ranged in a price between $3.15-$3.33 after having opened the day at $3.22 as compared to the previous trading day's close of $3.21. Other companies within the Transportation industry that increased today were: Genco Shipping & Trading ( GNK), up 26.8%, Eagle Bulk Shipping ( EGLE), up 13.0%, Baltic Trading ( BALT), up 6.4% and Sino-Global Shipping America ( SINO), up 5.0%.

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 $1.4 billion and is part of the services sector. Shares are down 31.7% year to date as of the close of trading on Thursday. 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 has favored debt over equity in the management of its balance sheet.

On the negative front, Newlead Holdings ( NEWL), down 13.7%, Spirit Airlines ( SAVE), down 4.9%, Hawaiian Holdings ( HA), down 4.5% and Republic Airways Holdings ( RJET), down 4.1% , were all laggards within the transportation industry with Delta Air Lines ( DAL) being today's transportation industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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