Ocean Bio-Chem (NASDAQ:OBCI) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Ocean Bio-Chem (NASDAQ:OBCIGet Rating) in a report released on Tuesday. The firm set a “buy” rating on the stock.

Shares of OBCI opened at $6.37 on Tuesday. The company has a 50-day simple moving average of $7.39 and a 200-day simple moving average of $8.35. The company has a quick ratio of 4.14, a current ratio of 7.74 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $60.53 million, a PE ratio of 7.76 and a beta of 0.37. Ocean Bio-Chem has a 52-week low of $6.24 and a 52-week high of $13.40.

Ocean Bio-Chem (NASDAQ:OBCIGet Rating) last announced its quarterly earnings results on Monday, May 16th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $12.74 million during the quarter. Ocean Bio-Chem had a net margin of 12.20% and a return on equity of 16.72%.

A number of large investors have recently bought and sold shares of the business. AltraVue Capital LLC increased its holdings in Ocean Bio-Chem by 5.0% during the 1st quarter. AltraVue Capital LLC now owns 127,946 shares of the company’s stock valued at $1,044,000 after acquiring an additional 6,050 shares in the last quarter. Ancora Advisors LLC increased its holdings in Ocean Bio-Chem by 101.6% during the 1st quarter. Ancora Advisors LLC now owns 124,600 shares of the company’s stock valued at $1,496,000 after acquiring an additional 62,794 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Ocean Bio-Chem by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 79,472 shares of the company’s stock valued at $691,000 after acquiring an additional 1,988 shares in the last quarter. Stifel Financial Corp increased its holdings in Ocean Bio-Chem by 14.5% during the 4th quarter. Stifel Financial Corp now owns 25,475 shares of the company’s stock valued at $222,000 after acquiring an additional 3,225 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Ocean Bio-Chem by 637.3% during the 3rd quarter. BlackRock Inc. now owns 10,846 shares of the company’s stock valued at $102,000 after acquiring an additional 9,375 shares in the last quarter. Hedge funds and other institutional investors own 8.03% of the company’s stock.

About Ocean Bio-Chem (Get Rating)

Ocean Bio-Chem, Inc manufactures, markets, and distributes appearance, performance, and maintenance products for the marine, automotive, power sports, recreational vehicle, home care, and outdoor power equipment markets in the United States and Canada. The company offers marine products, including polishes, cleaners, protectants, waxes, enzyme fuel treatments, private label products, motor and teak oils, boat washes, vinyl and teak cleaners, bilge and hull cleaners, silicone and polyurethane sealants, polysulfide sealants, gasket materials, lubricants, antifouling additives, and anti-freeze coolants; and brushes, brush handles, tie-downs, and other related accessories.

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