Odyssey Marine Exploration (NASDAQ:OMEX) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.76 and traded as high as $1.77. Odyssey Marine Exploration shares last traded at $1.70, with a volume of 3,925,014 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on Odyssey Marine Exploration in a report on Tuesday, April 29th. They issued a "sell" rating on the stock.

Odyssey Marine Exploration Stock Down 6.5%

The stock's fifty day moving average price is $1.12 and its two-hundred day moving average price is $0.76.

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

Institutional Investors Weigh In On Odyssey Marine Exploration

Several large investors have recently added to or reduced their stakes in OMEX. XTX Topco Ltd lifted its holdings 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 valued at $30,000 after purchasing an additional 28,943 shares during the last quarter. Two Seas Capital LP raised its stake in Odyssey Marine Exploration by 2,449.0% in 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 during the last quarter. Two Sigma Investments LP acquired a new stake in Odyssey Marine Exploration during the 4th quarter worth about $25,000. L. Roy Papp & Associates LLP acquired a new stake in Odyssey Marine Exploration during the 1st quarter worth about $61,000. Finally, Voisard Asset Management Group Inc. grew its position in 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 purchasing an additional 13,000 shares during the period. 49.96% of the stock is owned by institutional investors.

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.