Odyssey Marine Exploration (NASDAQ:OMEX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Odyssey Marine Exploration (NASDAQ:OMEX) from a strong sell rating to a sell rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Odyssey Marine Exploration in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Odyssey Marine Exploration Trading Down 5.0%

Shares of NASDAQ OMEX opened at $0.86 on Friday. Odyssey Marine Exploration has a twelve month low of $0.58 and a twelve month high of $4.43. The company has a market capitalization of $50.24 million, a price-to-earnings ratio of -1.01 and a beta of -0.15. The business has a 50 day simple moving average of $7.64 and a 200-day simple moving average of $23.33.

Odyssey Marine Exploration (NASDAQ:OMEX) last posted its quarterly earnings results on Tuesday, August 11th. The business services provider reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $0.08 million during the quarter.

Institutional Trading of Odyssey Marine Exploration

Several hedge funds have recently bought and sold shares of the company. Two Seas Capital LP boosted its stake in Odyssey Marine Exploration by 219.4% during the 3rd quarter. Two Seas Capital LP now owns 4,570,011 shares of the business services provider’s stock valued at $8,912,000 after purchasing an additional 3,139,242 shares during the period. Old West Investment Management LLC increased its stake in shares of Odyssey Marine Exploration by 49.5% in the fourth quarter. Old West Investment Management LLC now owns 5,496,448 shares of the business services provider’s stock valued at $10,773,000 after purchasing an additional 1,819,566 shares during the period. Jefferies Financial Group Inc. increased its stake in shares of Odyssey Marine Exploration by 275.0% in the fourth quarter. Jefferies Financial Group Inc. now owns 1,500,000 shares of the business services provider’s stock valued at $2,940,000 after purchasing an additional 1,100,000 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Odyssey Marine Exploration by 1,428.9% during the fourth quarter. Renaissance Technologies LLC now owns 488,599 shares of the business services provider’s stock valued at $958,000 after buying an additional 456,642 shares during the last quarter. Finally, Mangrove Partners IM LLC bought a new stake in shares of Odyssey Marine Exploration during the fourth quarter valued at approximately $388,000. 49.96% of the stock is currently owned by institutional investors.

Odyssey Marine Exploration Company Profile

Odyssey Marine Exploration, Inc (NASDAQ: OMEX) is a marine technology and deep-ocean exploration company specializing in the location, recovery, and preservation of underwater cultural heritage. The company employs advanced remotely operated vehicles (ROVs) and proprietary seabed mapping systems to carry out high-precision surveys and recovery operations at depths exceeding 6,000 meters. Odyssey Marine’s mission centers on responsible stewardship of historic shipwrecks, valuable cargoes, and other submerged assets, combining maritime archaeology with commercially oriented salvage projects.

In addition to treasure recovery, Odyssey Marine offers a range of subsea services to support government, commercial, and scientific clients worldwide.