Odyssey Marine Exploration (NASDAQ:OMEX) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.99 and traded as high as $2.20. Odyssey Marine Exploration shares last traded at $2.12, with a volume of 840,474 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Odyssey Marine Exploration in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Odyssey Marine Exploration Stock Up 0.5%

The stock’s 50-day moving average price is $2.08 and its 200-day moving average price is $1.99. The company has a market capitalization of $118.17 million, a price-to-earnings ratio of -2.72 and a beta of -0.86.

Odyssey Marine Exploration (NASDAQ:OMEX) last announced its quarterly earnings data on Wednesday, November 12th. The business services provider reported ($0.31) EPS for the quarter. The company had revenue of $0.06 million during the quarter.

Hedge Funds Weigh In On Odyssey Marine Exploration

Several hedge funds have recently added to or reduced their stakes in OMEX. Tradewinds Capital Management LLC acquired a new position in shares of Odyssey Marine Exploration during the 4th quarter worth about $27,000. Bank of America Corp DE raised its stake in Odyssey Marine Exploration by 632.8% during the 3rd quarter. Bank of America Corp DE now owns 19,111 shares of the business services provider’s stock worth $37,000 after buying an additional 16,503 shares during the period. Centiva Capital LP bought a new position in Odyssey Marine Exploration during the third quarter worth about $57,000. Voisard Asset Management Group Inc. grew its stake in Odyssey Marine Exploration by 20.9% in the third quarter. Voisard Asset Management Group Inc. now owns 42,300 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 7,300 shares during the period. Finally, Two Sigma Investments LP increased its holdings in shares of Odyssey Marine Exploration by 127.8% in the third quarter. Two Sigma Investments LP now owns 84,029 shares of the business services provider’s stock worth $164,000 after acquiring an additional 47,145 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

About Odyssey Marine Exploration

Odyssey Marine Exploration, Inc (NASDAQ: OMEX) is a marine technology and deep-ocean exploration company specializing in the location, recovery, and preservation of underwater cultural heritage. The company employs advanced remotely operated vehicles (ROVs) and proprietary seabed mapping systems to carry out high-precision surveys and recovery operations at depths exceeding 6,000 meters. Odyssey Marine’s mission centers on responsible stewardship of historic shipwrecks, valuable cargoes, and other submerged assets, combining maritime archaeology with commercially oriented salvage projects.

In addition to treasure recovery, Odyssey Marine offers a range of subsea services to support government, commercial, and scientific clients worldwide.