Odyssey Marine Exploration (NASDAQ:OMEX) Stock Price Passes Above 200 Day Moving Average of $4.00

Odyssey Marine Exploration Inc (NASDAQ:OMEX) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.00 and traded as high as $4.27. Odyssey Marine Exploration shares last traded at $4.20, with a volume of 2,050 shares changing hands.

The company has a market cap of $38.86 million, a price-to-earnings ratio of -4.05 and a beta of 2.72. The company has a fifty day moving average of $3.96 and a two-hundred day moving average of $3.99.

Odyssey Marine Exploration (NASDAQ:OMEX) last issued its quarterly earnings data on Thursday, November 14th. The business services provider reported ($0.10) earnings per share for the quarter. The company had revenue of $0.76 million during the quarter.

In other news, Director Mark B. Justh purchased 26,000 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were purchased at an average cost of $3.20 per share, with a total value of $83,200.00. Following the completion of the purchase, the director now owns 200,642 shares of the company’s stock, valued at approximately $642,054.40. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.80% of the stock is currently owned by company insiders.

An institutional investor recently bought a new position in Odyssey Marine Exploration stock. FNY Investment Advisers LLC purchased a new stake in Odyssey Marine Exploration Inc (NASDAQ:OMEX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,705 shares of the business services provider’s stock, valued at approximately $63,000. FNY Investment Advisers LLC owned 0.18% of Odyssey Marine Exploration as of its most recent filing with the Securities and Exchange Commission. 8.55% of the stock is owned by institutional investors.

About Odyssey Marine Exploration (NASDAQ:OMEX)

Odyssey Marine Exploration, Inc engages in the discovery, development, and extraction of deep-ocean minerals. It provides shipwreck cargo recovery and other marine survey exploration charter services. The company was founded by Gregory P. Stemm and John C. Morris in 1994 and is headquartered in Tampa, FL.

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