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

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.04 and traded as high as $2.25. Odyssey Marine Exploration shares last traded at $2.10, with a volume of 1,703,649 shares traded.

Wall Street Analyst Weigh In

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

Odyssey Marine Exploration Price Performance

The firm has a market cap of $117.05 million, a PE ratio of -2.69 and a beta of -0.86. The stock has a 50-day moving average price of $2.13 and a 200 day moving average price of $2.04.

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

Institutional Investors Weigh In On Odyssey Marine Exploration

Several institutional investors have recently bought and sold shares of the business. Voisard Asset Management Group Inc. lifted its holdings in shares of Odyssey Marine Exploration by 20.9% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 42,300 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 7,300 shares in the last quarter. SLT Holdings LLC purchased a new position in Odyssey Marine Exploration in the third quarter valued at about $542,000. Foundations Investment Advisors LLC acquired a new position in shares of Odyssey Marine Exploration during the third quarter worth about $542,000. Old West Investment Management LLC purchased a new stake in shares of Odyssey Marine Exploration in the third quarter worth about $7,170,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Odyssey Marine Exploration in the third quarter worth about $780,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

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.