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

Investment analysts at StockNews.com began coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a report issued on Monday. The firm set a “hold” rating on the business services provider’s stock.

Odyssey Marine Exploration Stock Performance

Odyssey Marine Exploration stock traded up $0.02 during mid-day trading on Monday, hitting $0.41. 546,566 shares of the company’s stock were exchanged, compared to its average volume of 2,150,255. Odyssey Marine Exploration has a fifty-two week low of $0.30 and a fifty-two week high of $5.57. The company’s 50 day simple moving average is $1.12 and its 200-day simple moving average is $3.24.

Institutional Trading of Odyssey Marine Exploration

Several hedge funds have recently added to or reduced their stakes in the business. ARS Wealth Advisors Group LLC raised its stake in Odyssey Marine Exploration by 5.7% during the 2nd quarter. ARS Wealth Advisors Group LLC now owns 51,089 shares of the business services provider’s stock worth $249,000 after buying an additional 2,750 shares during the period. Cowen AND Company LLC raised 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 during the period. Voisard Asset Management Group Inc. raised 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 during the period. Renaissance Technologies LLC acquired a new stake in shares of Odyssey Marine Exploration in the 2nd quarter valued at about $372,000. Finally, Vanguard Group Inc. raised its stake in shares of Odyssey Marine Exploration by 39.1% in the 1st quarter. Vanguard Group Inc. now owns 836,505 shares of the business services provider’s stock valued at $3,187,000 after purchasing an additional 235,334 shares during the period. 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.