Odyssey Marine Exploration Sees Unusually High Options Volume (NASDAQ:OMEX)

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) was the recipient of unusually large options trading activity on Thursday. Investors purchased 8,846 call options on the company. This represents an increase of 209% compared to the typical daily volume of 2,865 call options.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Odyssey Marine Exploration in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Odyssey Marine Exploration has an average rating of “Sell”.

Odyssey Marine Exploration Price Performance

Odyssey Marine Exploration stock opened at $2.40 on Friday. Odyssey Marine Exploration has a 1 year low of $0.27 and a 1 year high of $4.43. The business has a 50 day moving average of $2.09 and a 200-day moving average of $2.00. The company has a market capitalization of $133.78 million, a P/E ratio of -3.08 and a beta of -0.86.

Odyssey Marine Exploration (NASDAQ:OMEX) last issued its quarterly earnings results on Wednesday, November 12th. The business services provider reported ($0.31) EPS for the quarter. The firm had revenue of $0.06 million for the quarter.

Institutional Trading of Odyssey Marine Exploration

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Voisard Asset Management Group Inc. lifted its position in shares of Odyssey Marine Exploration by 20.9% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 42,300 shares of the business services provider’s stock worth $82,000 after purchasing an additional 7,300 shares during the period. SLT Holdings LLC acquired a new position in Odyssey Marine Exploration in the third quarter valued at $542,000. Foundations Investment Advisors LLC bought a new stake in Odyssey Marine Exploration during the third quarter valued at $542,000. Old West Investment Management LLC bought a new stake in Odyssey Marine Exploration during the third quarter valued at $7,170,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Odyssey Marine Exploration during the 3rd quarter worth about $780,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.