StockNews.com Begins Coverage on Odyssey Marine Exploration (NASDAQ:OMEX)

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

Odyssey Marine Exploration Stock Performance

NASDAQ:OMEX opened at $0.36 on Friday. The stock’s 50-day moving average is $0.47 and its 200-day moving average is $2.59. Odyssey Marine Exploration has a 1-year low of $0.30 and a 1-year high of $5.57.

Institutional Investors Weigh In On Odyssey Marine Exploration

Institutional investors have recently made changes to their positions in the stock. 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 valued at $30,000 after acquiring an additional 32,000 shares during the last quarter. Virtu Financial LLC bought a new position in Odyssey Marine Exploration during the third quarter worth $32,000. Cowen AND Company LLC lifted its holdings in Odyssey Marine Exploration by 20.0% in the second quarter. Cowen AND Company LLC now owns 36,000 shares of the business services provider’s stock valued at $176,000 after buying an additional 6,000 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Odyssey Marine Exploration during the 2nd quarter worth about $372,000. Institutional investors 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.