Odyssey Marine Exploration (NASDAQ:OMEX) Stock Lifted to “Hold” by Wall Street Zen

Wall Street Zen upgraded shares of Odyssey Marine Exploration (NASDAQ:OMEX) from a sell rating to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Odyssey Marine Exploration in a research note on Monday, September 21st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Odyssey Marine Exploration has an average rating of “Sell”.

Odyssey Marine Exploration Trading Down 0.1%

NASDAQ OMEX traded down $0.01 on Friday, hitting $10.02. 8,872 shares of the company were exchanged, compared to its average volume of 24,385. Odyssey Marine Exploration has a 1-year low of $9.59 and a 1-year high of $66.75. The firm has a 50 day moving average of $15.43 and a two-hundred day moving average of $405.28. The company has a market cap of $23.55 million, a P/E ratio of -0.65 and a beta of 0.17.

Odyssey Marine Exploration (NASDAQ:OMEX) last announced its quarterly earnings data on Monday, November 2nd. The business services provider reported ($1.98) EPS for the quarter. The business had revenue of $0.11 million during the quarter.

Hedge Funds Weigh In On Odyssey Marine Exploration

A hedge fund recently raised its stake in Odyssey Marine Exploration stock. Renaissance Technologies LLC grew its position in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) by 10.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 541,721 shares of the business services provider’s stock after buying an additional 53,122 shares during the period. Renaissance Technologies LLC owned approximately 0.92% of Odyssey Marine Exploration worth $452,000 at the end of the most recent quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

About Odyssey Marine Exploration

Odyssey Marine Exploration, Inc. is a U.S.-based ocean exploration company focused on identifying and developing marine mineral resources. Its work includes exploring seabed deposits such as phosphate and polymetallic nodules, supported by marine survey, research and project-development capabilities. The company has pursued projects in multiple regions, including a phosphate project off the coast of Mexico and exploration opportunities in the Pacific. Its activities involve assessing seabed resources and the technical, environmental and regulatory considerations associated with potential development.