Odyssey Marine Exploration (NASDAQ:OMEX) Now Covered by Analysts at StockNews.com

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

Odyssey Marine Exploration Stock Up 17.5 %

NASDAQ:OMEX opened at $0.49 on Wednesday. The firm’s 50 day moving average is $0.55 and its two-hundred day moving average is $2.93. Odyssey Marine Exploration has a fifty-two week low of $0.30 and a fifty-two week high of $5.57.

Institutional Investors Weigh In On Odyssey Marine Exploration

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Odyssey Marine Exploration by 39.1% during the 1st quarter. Vanguard Group Inc. now owns 836,505 shares of the business services provider’s stock worth $3,187,000 after acquiring an additional 235,334 shares in the last quarter. ARS Wealth Advisors Group LLC lifted its position in Odyssey Marine Exploration by 5.7% in the 2nd quarter. ARS Wealth Advisors Group LLC now owns 51,089 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 2,750 shares during the last quarter. Cowen AND Company LLC lifted its position in Odyssey Marine Exploration by 20.0% in the 2nd quarter. Cowen AND Company LLC now owns 36,000 shares of the business services provider’s stock valued at $176,000 after purchasing an additional 6,000 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Odyssey Marine Exploration during the 2nd quarter worth about $372,000. Finally, Voisard Asset Management Group Inc. raised its position in shares of Odyssey Marine Exploration by 800.0% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 36,000 shares of the business services provider’s stock worth $30,000 after buying an additional 32,000 shares in the last quarter. 49.96% of the stock is owned by institutional investors and hedge funds.

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.