Odyssey Marine Exploration (NASDAQ:OMEX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research note released on Tuesday morning. The brokerage issued a hold rating on the business services provider’s stock.

Odyssey Marine Exploration Stock Performance

Shares of NASDAQ:OMEX opened at $0.46 on Tuesday. Odyssey Marine Exploration has a 52 week low of $0.30 and a 52 week high of $5.57. The company’s fifty day moving average is $0.57 and its 200-day moving average is $3.01.

Institutional Investors Weigh In On Odyssey Marine Exploration

Institutional investors and hedge funds have recently made changes to their positions in the company. Voisard Asset Management Group Inc. boosted its stake in shares of Odyssey Marine Exploration by 800.0% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 36,000 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 32,000 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Odyssey Marine Exploration in the 3rd quarter valued at $32,000. Cowen AND Company LLC boosted its stake in shares of Odyssey Marine Exploration by 20.0% in the 2nd 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 in the last quarter. ARS Wealth Advisors Group LLC boosted its stake in shares of Odyssey Marine Exploration by 5.7% in the 2nd quarter. ARS Wealth Advisors Group LLC now owns 51,089 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 2,750 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Odyssey Marine Exploration in the 2nd quarter valued at $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.