Odyssey Marine Exploration (NASDAQ:OMEX) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research note released on Friday morning. The firm issued a sell rating on the business services provider’s stock.

Odyssey Marine Exploration Price Performance

NASDAQ OMEX opened at $0.36 on Friday. The stock has a 50-day simple moving average of $0.47 and a 200 day simple moving average of $2.57. Odyssey Marine Exploration has a twelve month low of $0.30 and a twelve month high of $5.57.

Institutional Investors Weigh In On Odyssey Marine Exploration

Several hedge funds have recently modified their holdings of the business. Voisard Asset Management Group Inc. increased its position in Odyssey Marine Exploration by 800.0% during the third quarter. Voisard Asset Management Group Inc. now owns 36,000 shares of the business services provider’s stock worth $30,000 after acquiring an additional 32,000 shares during the period. Virtu Financial LLC acquired a new stake in Odyssey Marine Exploration in the 3rd quarter worth $32,000. Cowen AND Company LLC increased its holdings in shares of Odyssey Marine Exploration by 20.0% during the 2nd quarter. Cowen AND Company LLC now owns 36,000 shares of the business services provider’s stock worth $176,000 after purchasing an additional 6,000 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Odyssey Marine Exploration during the second quarter valued at about $372,000. 49.96% of the stock is 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.