Odyssey Marine Exploration (NASDAQ:OMEX) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a report published on Thursday morning. The firm issued a hold rating on the business services provider’s stock.

Odyssey Marine Exploration Stock Performance

Odyssey Marine Exploration stock opened at $0.89 on Thursday. Odyssey Marine Exploration has a 1-year low of $0.45 and a 1-year high of $5.57. The stock’s 50 day moving average price is $3.54 and its 200 day moving average price is $4.05.

Odyssey Marine Exploration (NASDAQ:OMEX) last posted its earnings results on Friday, August 9th. The business services provider reported ($0.07) EPS for the quarter. The business had revenue of $0.22 million during the quarter.

Institutional Trading of Odyssey Marine Exploration

Several institutional investors and hedge funds have recently made changes to their positions in OMEX. Deltec Asset Management LLC acquired a new position in Odyssey Marine Exploration in the first quarter valued at $107,000. Cowen AND Company LLC boosted its holdings in Odyssey Marine Exploration by 20.0% in the second quarter. Cowen AND Company LLC now owns 36,000 shares of the business services provider’s stock valued at $176,000 after purchasing an additional 6,000 shares during the last quarter. Fifth Lane Capital LP purchased a new position in Odyssey Marine Exploration in the first quarter valued at about $179,000. ARS Wealth Advisors Group LLC boosted its holdings in Odyssey Marine Exploration by 5.7% in the second quarter. ARS Wealth Advisors Group LLC now owns 51,089 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 2,750 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Odyssey Marine Exploration during the 2nd quarter worth approximately $372,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Odyssey Marine Exploration Company Profile

Odyssey Marine Exploration, Inc, together with its subsidiaries, discovers, validates, and develops seafloor mineral resources worldwide. The company provides specialized mineral exploration, project development, and marine services to clients. Odyssey Marine Exploration, Inc was founded in 1994 and is headquartered in Tampa, Florida.