Odyssey Marine Exploration (NASDAQ:OMEX) Downgraded by Wall Street Zen to Sell

Key Points

• Odyssey Marine Exploration (NASDAQ:OMEX) has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen.
• The company's shares opened at $1.66, with a 1-year low of $0.27 and a high of $5.25.
• Odyssey Marine Exploration reported a revenue of $0.14 million and a net margin of 2,054.49% in its last quarterly earnings.

Odyssey Marine Exploration (NASDAQ:OMEX - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Sunday.

Odyssey Marine Exploration Price Performance

Shares of OMEX opened at $1.66 on Friday. Odyssey Marine Exploration has a 1-year low of $0.27 and a 1-year high of $5.25. The company's fifty day moving average price is $1.30 and its 200-day moving average price is $0.86.

Odyssey Marine Exploration (NASDAQ:OMEX - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The business services provider reported $0.01 EPS for the quarter. Odyssey Marine Exploration had a net margin of 2,054.49% and a negative return on equity of 14.85%. The company had revenue of $0.14 million for the quarter.

Institutional Investors Weigh In On Odyssey Marine Exploration

Several hedge funds have recently modified their holdings of OMEX. Two Sigma Investments LP purchased a new stake in shares of Odyssey Marine Exploration during the 4th quarter worth about $25,000. XTX Topco Ltd boosted its stake in shares of Odyssey Marine Exploration by 225.5% during the 4th quarter. XTX Topco Ltd now owns 41,778 shares of the business services provider's stock worth $30,000 after acquiring an additional 28,943 shares in the last quarter. Voisard Asset Management Group Inc. boosted its stake in shares of Odyssey Marine Exploration by 59.1% during the 2nd quarter. Voisard Asset Management Group Inc. now owns 35,000 shares of the business services provider's stock worth $41,000 after acquiring an additional 13,000 shares in the last quarter. L. Roy Papp & Associates LLP purchased a new stake in shares of Odyssey Marine Exploration during the 1st quarter worth about $61,000. Finally, Two Seas Capital LP boosted its stake in shares of Odyssey Marine Exploration by 2,449.0% during the 4th quarter. Two Seas Capital LP now owns 2,549,049 shares of the business services provider's stock worth $1,835,000 after acquiring an additional 2,449,049 shares in the last quarter. 49.96% of the stock is owned by hedge funds and other institutional investors.

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.

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