Odyssey Marine Exploration (NASDAQ:OMEX) Rating Increased to Sell 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 released on Saturday morning.

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

Odyssey Marine Exploration Stock Performance

NASDAQ OMEX opened at $0.90 on Friday. The company has a market cap of $52.87 million, a P/E ratio of -1.06 and a beta of -0.15. The business’s 50 day moving average price is $8.10 and its 200-day moving average price is $23.96. Odyssey Marine Exploration has a fifty-two week low of $0.58 and a fifty-two week high of $4.43.

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

Institutional Investors Weigh In On Odyssey Marine Exploration

Institutional investors and hedge funds have recently modified their holdings of the business. Foundations Investment Advisors LLC increased its stake in Odyssey Marine Exploration by 4.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 291,250 shares of the business services provider’s stock worth $571,000 after purchasing an additional 13,500 shares during the period. SLT Holdings LLC boosted its stake in shares of Odyssey Marine Exploration by 4.9% during the fourth quarter. SLT Holdings LLC now owns 291,250 shares of the business services provider’s stock valued at $571,000 after purchasing an additional 13,500 shares during the period. Stifel Financial Corp purchased a new stake in shares of Odyssey Marine Exploration during the fourth quarter valued at $29,000. Bank of America Corp DE grew its holdings in shares of Odyssey Marine Exploration by 632.8% in the third quarter. Bank of America Corp DE now owns 19,111 shares of the business services provider’s stock worth $37,000 after purchasing an additional 16,503 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE grew its holdings in shares of Odyssey Marine Exploration by 200.1% in the fourth quarter. Smithbridge Asset Management Inc. DE now owns 36,010 shares of the business services provider’s stock worth $71,000 after purchasing an additional 24,010 shares during the last quarter. 49.96% of the stock is owned by institutional investors.

About Odyssey Marine Exploration

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.