Odyssey Marine Exploration (NASDAQ:OMEX) Stock to Reverse Split on Thursday, October 29th

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) shares are going to reverse split on the morning of Thursday, October 29th. The 1-25 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, October 28th.

Odyssey Marine Exploration Stock Performance

NASDAQ OMEX opened at $0.64 on Friday. Odyssey Marine Exploration has a one year low of $0.58 and a one year high of $3.90. The company has a 50-day simple moving average of $0.77 and a 200-day simple moving average of $11.84. The firm has a market capitalization of $37.57 million, a PE ratio of -0.75 and a beta of 0.06.

Odyssey Marine Exploration (NASDAQ:OMEX) last announced its quarterly earnings data 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 for the quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wall Street Zen raised Odyssey Marine Exploration from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Odyssey Marine Exploration in a report on Monday, September 21st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Odyssey Marine Exploration

An institutional investor recently raised its position in Odyssey Marine Exploration stock. Renaissance Technologies LLC lifted its position in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) by 10.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 541,721 shares of the business services provider’s stock after buying an additional 53,122 shares during the period. Renaissance Technologies LLC owned approximately 0.92% of Odyssey Marine Exploration worth $452,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 49.96% of the company’s stock.

About Odyssey Marine Exploration

Odyssey Marine Exploration, Inc is a deep-ocean exploration company that specializes in locating, assessing, and developing subsea resources. Its activities include marine archaeology, shipwreck exploration, underwater surveying, and the recovery of historically and commercially significant materials from the seafloor.

The company uses remotely operated vehicles, geophysical survey systems, advanced mapping technologies, and other specialized marine equipment to investigate deep-water sites.