Odyssey Marine Exploration (NASDAQ:OMEX) Issues Quarterly Earnings Results

Odyssey Marine Exploration (NASDAQ:OMEX) announced its quarterly earnings results on Tuesday. The business services provider reported ($0.34) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $0.02 million during the quarter.

Odyssey Marine Exploration Trading Down 2.9%

OMEX stock opened at $0.81 on Thursday. The company has a market cap of $45.15 million, a P/E ratio of -0.72 and a beta of -0.49. Odyssey Marine Exploration has a 52 week low of $0.27 and a 52 week high of $4.43. The company’s 50-day moving average price is $1.56 and its 200 day moving average price is $1.99.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Odyssey Marine Exploration in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Odyssey Marine Exploration

Several large investors have recently bought and sold shares of OMEX. Tradewinds Capital Management LLC purchased a new position in Odyssey Marine Exploration during the fourth quarter worth $27,000. Stifel Financial Corp purchased a new stake in shares of Odyssey Marine Exploration in the fourth quarter valued at $29,000. Bank of America Corp DE lifted its position in shares of Odyssey Marine Exploration by 632.8% in the third quarter. Bank of America Corp DE now owns 19,111 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 16,503 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Odyssey Marine Exploration during the third quarter valued at $57,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Odyssey Marine Exploration during the fourth quarter valued at $59,000. 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.