Odyssey Marine Exploration (NASDAQ:OMEX) Now Covered by StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research note issued to investors on Friday. The brokerage set a “sell” rating on the business services provider’s stock.

Odyssey Marine Exploration Stock Performance

Shares of Odyssey Marine Exploration stock opened at $0.36 on Friday. Odyssey Marine Exploration has a 1 year low of $0.30 and a 1 year high of $5.57. The firm’s 50-day simple moving average is $0.47 and its 200-day simple moving average is $2.64.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OMEX. Virtu Financial LLC bought a new stake in shares of Odyssey Marine Exploration in the 3rd quarter valued at approximately $32,000. Voisard Asset Management Group Inc. boosted its holdings in Odyssey Marine Exploration by 800.0% in the third quarter. Voisard Asset Management Group Inc. now owns 36,000 shares of the business services provider’s stock worth $30,000 after purchasing an additional 32,000 shares during the period. Renaissance Technologies LLC acquired a new position in Odyssey Marine Exploration in the second quarter worth $372,000. Finally, Cowen AND Company LLC increased its stake in Odyssey Marine Exploration by 20.0% during 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. Institutional investors own 49.96% of the company’s stock.

About Odyssey Marine Exploration

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.