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 Thursday, October 29th. The 1-25 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, October 28th.

Odyssey Marine Exploration Trading Down 1.7%

NASDAQ OMEX opened at $0.55 on Friday. The stock has a market cap of $32.56 million, a P/E ratio of -0.65 and a beta of 0.06. Odyssey Marine Exploration has a 12-month low of $0.55 and a 12-month high of $2.74. The company has a fifty day simple moving average of $0.74 and a two-hundred day simple moving average of $11.14.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Odyssey Marine Exploration

An institutional investor recently raised its position in Odyssey Marine Exploration stock. Renaissance Technologies LLC raised its position in shares of Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) by 10.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 about 0.92% of Odyssey Marine Exploration worth $452,000 as of its most recent filing with the Securities & Exchange Commission. 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.