Odyssey Marine Exploration (NASDAQ:OMEX) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.54 and traded as high as $1.27. Odyssey Marine Exploration shares last traded at $1.19, with a volume of 1,954,079 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Odyssey Marine Exploration in a research report on Tuesday, April 29th. They issued a “sell” rating for the company.

Odyssey Marine Exploration Stock Down 2.5 %

The business has a fifty day simple moving average of $0.61 and a 200-day simple moving average of $0.54.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Two Sigma Investments LP purchased a new stake in Odyssey Marine Exploration in the fourth quarter worth about $25,000. XTX Topco Ltd boosted its position in shares of Odyssey Marine Exploration by 225.5% in the 4th quarter. XTX Topco Ltd now owns 41,778 shares of the business services provider’s stock worth $30,000 after purchasing an additional 28,943 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Odyssey Marine Exploration in the 3rd quarter worth approximately $32,000. L. Roy Papp & Associates LLP bought a new position in Odyssey Marine Exploration during the 1st quarter valued at approximately $61,000. Finally, Two Seas Capital LP increased its position in Odyssey Marine Exploration by 2,449.0% during the 4th quarter. Two Seas Capital LP now owns 2,549,049 shares of the business services provider’s stock valued at $1,835,000 after buying an additional 2,449,049 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors.

About Odyssey Marine Exploration

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.