Odyssey Marine Exploration (NASDAQ:OMEX) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.56 and traded as high as $1.10. Odyssey Marine Exploration shares last traded at $1.04, with a volume of 2,655,568 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Odyssey Marine Exploration in a research note on Tuesday, April 29th. They set a “sell” rating on the stock.

Odyssey Marine Exploration Price Performance

The business has a fifty day moving average of $0.68 and a 200-day moving average of $0.56.

Odyssey Marine Exploration (NASDAQ:OMEX) last issued its quarterly earnings data on Monday, May 12th. The business services provider reported $0.01 earnings per share (EPS) for the quarter. Odyssey Marine Exploration had a net margin of 1,556.13% and a negative return on equity of 11.51%. The firm had revenue of $0.14 million during the quarter.

Hedge Funds Weigh In On Odyssey Marine Exploration

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

Odyssey Marine Exploration Company Profile

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.