Markets

Mix Stocks in Focus: Aytu BioScience, Inc. (AYTU), Joey New York, Inc. (JOEY), DryShips Inc. (DRYS)

Aytu BioScience, Inc. (NASDAQ:AYTU) was moving on trading-volume of 3.02 million shares in the recent trading session versus its average trading volume of 3.57 million shares. The share price declined -11.69% and reached at $0.35. The market capitalization of the stock remained 14.87 million.

Aytu BioScience, Inc. (AYTU), a specialty healthcare company, focuses on developing and commercializing novel products in the field of urology in the United States. The company markets Natesto for the treatment of hypogonadism (low testosterone) in men; and ProstaScint for use in newly diagnosed high-risk prostate cancer patients and patients with recurrent prostate cancer. It is also involved in commercializing of the RedoxSYS System for research use in various applications. In addition, the company is developing MiOXSYS, an in vitro diagnostic semen analysis test that is used in the quantitative measurement of static oxidation reduction potential in human semen.

Joey New York, Inc. (OTCBB:JOEY), so far this trade, showed that 12,630.00 shares were exchanged versus the average volume of 16,228 shares. The stock began today’s trade at $0.10 and was recently trading at $0.085, shrinking -15.00%. The market capitalization after this change moved to 1.68 million.

Joey New York, Inc., through its subsidiary, RAR Beauty, LLC, manufactures and markets natural skin care and beauty products in the United States and Internationally. The company operates through The LABB, Aesthetic Beauty Bar; and Joey New York Cosmetics divisions. The LABB, Aesthetic Beauty Bar division provides injectable services, which eliminate unwanted wrinkles by performing Botox and filler injections. The company offers its products under the Joey New York brand. It offers its products through retailers, professional salons, spas, and beauty Websites.



In the current trading session, DryShips Inc. (NASDAQ:DRYS) traded 1.51 million shares versus the average volume of the stock remained 909,100.00 shares. The 52 week range of the stock remained $0.98 – $71.75. The stock was a bull and increased 8.50%, while its trading price stayed at $4.89. The market capitalization of the stock reached 448.84 million.

DryShips Inc. (DRYS) on May 29, 2018 announced that it has agreed to acquire one 2013-built Newcastlemax drybulk carrier and one 2017-built Suezmax tanker, each constructed in China.

The vessels will be acquired from entities that may be deemed to be affiliates of Mr. George Economou, the Company’s Chairman and Chief Executive Officer, for an aggregate purchase price of $93.8 million, including the associated bank debt of $50.3 million. The transaction remains subject to documentation and customary closing conditions, and is expected to close in June 2018.




The purchase price was determined based on the average fair market value of each vessel as determined by independent third party broker valuations and the transaction was approved by the independent directors of the Company’s board of directors.

 

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