Wall Street Zen Upgrades Odyssey Marine Exploration (NASDAQ:OMEX) to Sell

Odyssey Marine Exploration (NASDAQ:OMEX) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued 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 stock currently has an average rating of “Sell”.

Odyssey Marine Exploration Price Performance

NASDAQ OMEX opened at $0.90 on Friday. Odyssey Marine Exploration has a 52 week low of $0.58 and a 52 week high of $4.43. The firm has a 50 day moving average of $8.10 and a two-hundred day moving average of $23.74. The stock has a market capitalization of $52.87 million, a PE ratio of -1.06 and a beta of -0.15.

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 firm had revenue of $0.08 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in Odyssey Marine Exploration in the fourth quarter valued at $196,000. Mangrove Partners IM LLC acquired a new position in Odyssey Marine Exploration during the 4th quarter worth $388,000. Stifel Financial Corp bought a new stake in shares of Odyssey Marine Exploration in the 4th quarter worth about $29,000. Smithbridge Asset Management Inc. DE lifted its position in shares of Odyssey Marine Exploration by 200.1% during 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. Finally, Centiva Capital LP bought a new position in shares of Odyssey Marine Exploration during the third quarter worth about $57,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Odyssey Marine Exploration Company Profile

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.