Home / Street Sector / Active Concerns Wondering Movers: DryShips (NASDAQ:DRYS), MACOM Technology Solutions (NASDAQ:MTSI)

Active Concerns Wondering Movers: DryShips (NASDAQ:DRYS), MACOM Technology Solutions (NASDAQ:MTSI)

DryShips, Inc. (NASDAQ:DRYS) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -22.95% to $9.10. DryShips Inc. (NASDAQ:DRYS ) reported that it has reached contract with one of its lenders to resolveits outstanding loan obligations. Under the terms of the contract, the lending bank has agreed to a write-off of about 50% of the outstanding principal and interest due.

The Firm has repaid about $8.2 million of principal and will have to pay an additional amount of $2.0 million over the next 9 months against a full and final settlement of all of its obligations under the credit documents. The share price of DRYS attracts active investors, as stock price of week volatility recorded 146.18%. The stock is going forward to its 52-week low with 136.98% and lagging behind from its 52-week high price with -97.91%.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -4.13% to close at $45.01 with the total traded volume of 1.64 Million shares. MACOM Technology Solutions Holdings, Inc. (MTSI) reported that it has entered into a definitive contract to takeover Applied Micro Circuits Corporation (AMCC), a global leader in Connectivity and Computing solutions for next-generation cloud infrastructure and Data Centers.

MACOM intends to divest the non-strategic Compute business within the first 100 days of closing as the business does not strategically align with the firm’s long-term focus. AppliedMicro stockholders are predictable to own about 15% of the combined firm on a pro forma basis.

MACOM intends to commence a tender offer to purchase each outstanding ordinary share of AppliedMicro for about $8.36 per share, consisting of $3.25 in cash and 0.1089 MACOM shares per share of AppliedMicro. The transaction value is about $770 million in diluted equity value, or about $688 million net of AppliedMicro’s cash position as of September 30, 2016. The firm has institutional ownership of 74.40%, while insider ownership included 1.20%. Its price to sales ratio ended at 4.40. MTSI attains analyst recommendation of 1.90 with week performance of 10.32%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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