DryShips Inc. (DRYS) Reaches $3.70 After 8.00% Down Move; Electronic Clearing House Has 1.09 Sentiment

November 14, 2017 - By wolcottdaily

The stock of DryShips Inc. (NASDAQ:DRYS) is a huge mover today! About 2.81 million shares traded. DryShips Inc. (NASDAQ:DRYS) has declined 99.99% since November 14, 2016 and is downtrending. It has underperformed

by 116.69% the S&P500.The move comes after 7 months negative chart setup for the $385.82 million company. It was reported on Nov, 14 by Barchart.com. We have $3.40 PT which if reached, will make NASDAQ:DRYS worth $30.87 million less.

Echo Global Logistics, Inc. is a provider of technology-enabled transportation and supply chain management solutions. The company has market cap of $663.50 million. The Firm utilizes a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services. It currently has negative earnings. The Firm focuses primarily on arranging transportation by truckload and less than truckload (LTL) carriers.

DryShips, Inc. is a holding company

Ratings analysis reveals 50% of Echo Global Logistics’s analysts are positive. Out of 2 Wall Street analysts rating Echo Global Logistics, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. ECHO was included in 2 notes of analysts from October 31, 2016. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) earned “Neutral” rating by Susquehanna on Tuesday, December 20. As per Monday, October 31, the company rating was maintained by Barrington Research.

Analysts await Echo Global Logistics, Inc. (NASDAQ:ECHO) to report earnings on February, 14. They expect $0.14 EPS, up 366.67% or $0.11 from last year’s $0.03 per share. ECHO’s profit will be $3.91 million for 42.45 P/E if the $0.14 EPS becomes a reality. After $0.23 actual EPS reported by Echo Global Logistics, Inc. for the previous quarter, Wall Street now forecasts -39.13% negative EPS growth.

Summit Creek Advisors Llc holds 1.53% of its portfolio in Echo Global Logistics, Inc. for 373,665 shares. North Star Asset Management Inc owns 433,452 shares or 0.88% of their US portfolio. Moreover, Ami Asset Management Corp has 0.82% invested in the company for 579,530 shares. The California-based Rice Hall James & Associates Llc has invested 0.67% in the stock. Luminus Management Llc, a New York-based fund reported 1.29 million shares.

About 64,447 shares traded. Echo Global Logistics, Inc. (ECHO) has declined 17.14% since November 14, 2016 and is downtrending. It has underperformed by 33.84% the S&P500.


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