Odyssey Marine Exploration (NASDAQ:OMEX – Get Free Report) issued its quarterly earnings results on Monday. The business services provider reported ($1.98) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $0.11 million during the quarter.
Odyssey Marine Exploration Price Performance
OMEX stock opened at $12.10 on Tuesday. The company has a fifty day moving average price of $17.42 and a two-hundred day moving average price of $467.09. The stock has a market cap of $28.41 million, a price-to-earnings ratio of -0.57 and a beta of 0.06. Odyssey Marine Exploration has a one year low of $9.59 and a one year high of $66.75.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Odyssey Marine Exploration in a report on Monday, September 21st. Wall Street Zen upgraded Odyssey Marine Exploration from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Odyssey Marine Exploration has an average rating of “Sell”.
Get Our Latest Stock Analysis on Odyssey Marine Exploration
Institutional Investors Weigh In On Odyssey Marine Exploration
A hedge fund recently raised its stake in Odyssey Marine Exploration stock. Renaissance Technologies LLC grew its position in shares of Odyssey Marine Exploration, Inc. (NASDAQ:OMEX – Free Report) by 10.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 541,721 shares of the business services provider’s stock after purchasing an additional 53,122 shares during the quarter. Renaissance Technologies LLC owned approximately 0.92% of Odyssey Marine Exploration worth $452,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 49.96% of the company’s stock.
About Odyssey Marine Exploration
Odyssey Marine Exploration, Inc is a deep-ocean exploration and technology company headquartered in Tampa, Florida. The company specializes in locating, researching, and developing marine mineral and other ocean-based resources, using remote-sensing systems, remotely operated vehicles, geophysical surveys, and related subsea technologies.
Historically, Odyssey became known for its work identifying and recovering valuable shipwreck cargoes, including the discovery of the shipwreck known as the SS Central America.
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