Odyssey Marine Exploration, Inc. (NASDAQ:OMEX - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.03 and traded as high as $1.74. Odyssey Marine Exploration shares last traded at $1.70, with a volume of 1,566,846 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded Odyssey Marine Exploration from a "hold" rating to a "sell" rating in a research report on Sunday, August 10th.
Get Our Latest Stock Report on OMEX
Odyssey Marine Exploration Stock Down 2.3%
The company has a 50 day moving average of $1.54 and a 200 day moving average of $1.03.
Odyssey Marine Exploration (NASDAQ:OMEX - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The business services provider reported ($0.48) EPS for the quarter. Odyssey Marine Exploration had a negative return on equity of 14.85% and a net margin of 174.35%.The business had revenue of $0.14 million during the quarter.
Insider Activity at Odyssey Marine Exploration
In related news, major shareholder Gallardo Juan Antonio Cortina sold 473,591 shares of the business's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $1.72, for a total value of $814,576.52. Following the transaction, the insider owned 2,401,098 shares in the company, valued at approximately $4,129,888.56. The trade was a 16.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 979,100 shares of company stock valued at $1,673,942 in the last 90 days. Insiders own 7.10% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of OMEX. Two Sigma Investments LP acquired a new position in shares of Odyssey Marine Exploration in the fourth quarter worth about $25,000. Two Seas Capital LP lifted its stake in shares of Odyssey Marine Exploration by 2,449.0% in the fourth 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. L. Roy Papp & Associates LLP acquired a new position in shares of Odyssey Marine Exploration in the first quarter worth about $61,000. Finally, Voisard Asset Management Group Inc. raised its stake in Odyssey Marine Exploration by 59.1% during the second quarter. Voisard Asset Management Group Inc. now owns 35,000 shares of the business services provider's stock valued at $41,000 after buying an additional 13,000 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company's stock.
About Odyssey Marine Exploration
(
Get Free Report)
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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