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

Equities researchers at StockNews.com initiated coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a report released on Friday. The firm set a “sell” rating on the business services provider’s stock.

Odyssey Marine Exploration Trading Down 2.5 %

OMEX opened at $0.36 on Friday. The firm’s 50 day moving average is $0.47 and its 200-day moving average is $2.64. Odyssey Marine Exploration has a 52-week low of $0.30 and a 52-week high of $5.57.

Hedge Funds Weigh In On Odyssey Marine Exploration

A number of institutional investors have recently added to or reduced their stakes in OMEX. Voisard Asset Management Group Inc. grew its stake in shares of Odyssey Marine Exploration by 800.0% during the third quarter. Voisard Asset Management Group Inc. now owns 36,000 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 32,000 shares in the last quarter. Cowen AND Company LLC boosted its holdings in Odyssey Marine Exploration by 20.0% in the second quarter. Cowen AND Company LLC now owns 36,000 shares of the business services provider’s stock valued at $176,000 after purchasing an additional 6,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in Odyssey Marine Exploration during the 3rd quarter valued at approximately $32,000. Finally, Renaissance Technologies LLC purchased a new stake in Odyssey Marine Exploration during the 2nd quarter worth approximately $372,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.