Ocean Bio-Chem (OBCI) Hits New 1-Year Low at $2.90

Ocean Bio-Chem, Inc. (NASDAQ:OBCI) reached a new 52-week low on Wednesday . The company traded as low as $2.90 and last traded at $3.38, with a volume of 65248 shares traded. The stock had previously closed at $2.97.

Separately, TheStreet lowered shares of Ocean Bio-Chem from a “b-” rating to a “c+” rating in a report on Thursday, April 4th.

The company has a current ratio of 7.83, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $31.47 million, a price-to-earnings ratio of 10.18 and a beta of 0.99.

Ocean Bio-Chem (NASDAQ:OBCI) last posted its earnings results on Wednesday, May 15th. The company reported $0.08 earnings per share for the quarter. Ocean Bio-Chem had a net margin of 7.03% and a return on equity of 11.06%. The firm had revenue of $9.08 million for the quarter.

The firm also recently announced a special dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, April 4th.

An institutional investor recently raised its position in Ocean Bio-Chem stock. Renaissance Technologies LLC lifted its stake in shares of Ocean Bio-Chem, Inc. (NASDAQ:OBCI) by 9.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,000 shares of the company’s stock after acquiring an additional 4,595 shares during the period. Renaissance Technologies LLC owned 0.59% of Ocean Bio-Chem worth $188,000 at the end of the most recent reporting period. 3.59% of the stock is owned by institutional investors.

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Ocean Bio-Chem Company Profile (NASDAQ:OBCI)

Ocean Bio-Chem, Inc manufactures, markets, and distributes appearance, performance, and maintenance products for the marine, automotive, power sports, recreational vehicle, and outdoor power equipment markets in the United States and Canada. The company offers marine products, including polishes, cleaners, protectants, and 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, poles, tie-downs, and other related accessories.

Further Reading: Dividend

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