Odyssey Marine Exploration (NASDAQ:OMEX) Coverage Initiated by Analysts at StockNews.com

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

Odyssey Marine Exploration Trading Down 0.9 %

Shares of NASDAQ:OMEX opened at $0.36 on Friday. The business’s fifty day moving average price is $0.47 and its two-hundred day moving average price is $2.57. Odyssey Marine Exploration has a fifty-two week low of $0.30 and a fifty-two week high of $5.57.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Cowen AND Company LLC raised its holdings in 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 last quarter. Renaissance Technologies LLC bought a new position in shares of Odyssey Marine Exploration in the 2nd quarter valued at about $372,000. Voisard Asset Management Group Inc. grew 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 during the period. Finally, Virtu Financial LLC bought a new stake in shares of Odyssey Marine Exploration during the third quarter worth approximately $32,000. 49.96% of the stock is currently 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.