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

Equities researchers at StockNews.com began coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research report issued on Thursday. The firm set a “sell” rating on the business services provider’s stock.

Odyssey Marine Exploration Stock Down 5.4 %

Shares of Odyssey Marine Exploration stock opened at $0.35 on Thursday. The stock’s fifty day moving average is $0.51 and its 200 day moving average is $2.79. Odyssey Marine Exploration has a one year low of $0.30 and a one year high of $5.57.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Odyssey Marine Exploration by 39.1% during the 1st quarter. Vanguard Group Inc. now owns 836,505 shares of the business services provider’s stock worth $3,187,000 after acquiring an additional 235,334 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Odyssey Marine Exploration in the second quarter worth $372,000. ARS Wealth Advisors Group LLC raised its position in shares of 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 valued at $249,000 after purchasing an additional 2,750 shares during the period. Virtu Financial LLC purchased a new position in shares of Odyssey Marine Exploration during the 3rd quarter valued at $32,000. Finally, Voisard Asset Management Group Inc. boosted its holdings in 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 worth $30,000 after buying an additional 32,000 shares during the period. 49.96% of the stock is owned by hedge funds and other 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.