Odyssey Marine Exploration (NASDAQ:OMEX) Releases Earnings Results

Odyssey Marine Exploration (NASDAQ:OMEX) posted its earnings results on Monday. The business services provider reported ($1.98) EPS for the quarter, FiscalAI reports. The firm had revenue of $0.11 million for the quarter.

Odyssey Marine Exploration Stock Performance

Shares of Odyssey Marine Exploration stock traded up $0.80 on Monday, hitting $12.10. The stock had a trading volume of 27,731 shares, compared to its average volume of 84,821. The stock has a 50 day moving average of $17.64 and a 200 day moving average of $473.65. Odyssey Marine Exploration has a twelve month low of $9.59 and a twelve month high of $66.75. The firm has a market capitalization of $28.43 million, a P/E ratio of -0.57 and a beta of 0.18.

Analysts Set New Price Targets

OMEX has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Odyssey Marine Exploration in a research report on Monday, September 21st. Wall Street Zen upgraded shares of Odyssey Marine Exploration from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Odyssey Marine Exploration

An institutional investor recently raised its stake in Odyssey Marine Exploration stock. Renaissance Technologies LLC raised its holdings in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) by 10.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 541,721 shares of the business services provider’s stock after acquiring 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.

Odyssey Marine Exploration Company Profile

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.