Penny Stocks in the shipping industry finished their week on top.
Dryships, Inc.(NASDAQ: DRYS) and Eagle Bulk Shipping, Inc. (NASDAQ: EGLE) have seen better days, but have managed to end well in a week where the Dow Jones industrial average saw record numbers. The Dow finished a week of victories in the red Friday, dropping 25.03 points, or 0.2 percent, to 14,514.11.
Dryships Inc. closed Friday trading at 1.9710 a share, up 0.0460(2.39%). After hours the company saw a jump to $2.05, up 0.08 (4.01%) . According to reports, the company will participate in Capital Link's 7th Annual Invest in International Shipping Forum Thursday, March 21.
Earnings Call Highlight: Dryships, Inc.
In their Earnings Conference Call Transcript, Dryships, Inc. Chief Financial Officer Ziad Nakhleh reported the company posted a U.S. GAAP net loss of $129.8 million or $0.34 per share, which includes class survey cost for the Eirik Raude of $43.9 million and loss on the sale of tankers the Esperona and Blanca of $41.3 million.
With No Recent News, Eagle Still Soars
Eagle Bulk Shipping, Inc. also saw nice gains, closing Friday at $2.86 share, up 0.30(11.72%). They also saw a jump after hours, trading at $2.90 a share, up 0.04 (1.40%). Interesting enough, the company has had no apparent news since their Third Quarter 2012 Results.
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