Odyssey Marine Exploration Cut to Sell at Zacks (OMEX)

Posted on Sep 13, 2015

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Zacks downgraded shares of Odyssey Marine Exploration (NASDAQ:OMEX) from a hold rating to a sell rating in a research note issued to investors on Tuesday, Market Beat.com reports.

According to Zacks, “Odyssey Marine is in the field of deep ocean shipwreck exploration. “

Odyssey Marine Exploration (NASDAQ:OMEX) traded up 9.6329% during trading on Tuesday, hitting $ 0.3494. The company had a trading volume of 114,159 shares. The stock has a 50-day moving average of $ 0.34 and a 200 day moving average of $ 0.53. Odyssey Marine Exploration has a one year low of $ 0.26 and a one year high of $ 1.39. The company’s market capitalization is $ 31.37 million.

Odyssey Marine Exploration (NASDAQ:OMEX) last released its quarterly earnings data on Friday, August 7th. The company reported ($ 0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($ 0.07). Equities analysts forecast that Odyssey Marine Exploration will post ($ 0.30) EPS for the current fiscal year.

Odyssey Marine Exploration, Inc. is an exploration company. The Company is engaged in archaeologically sensitive exploration and recovery of deep-ocean shipwrecks across the world. The Company employs technology, including side-scan sonar, magnetometers, remotely operated vehicles (NASDAQ:OMEX), and other equipment that enables the Company to locate shipwrecks and natural resource sites at depths. It’s wholly owned subsidiaries include Odyssey Marine, Inc., Odyssey Marine Services, Inc., OVH, Inc., Odyssey Retriever, Inc. and Odyssey Marine Entertainment, Inc. Odyssey’s search projects include Atlas Search Project, HMS Victory Project, Gairsoppa Project, Mantola Project, Robert Fraser Projects, Subsea Mineral Mining Exploration Projects, Other Syndication Projects and HMS Sussex Project. The Company shares information through a variety of media, including television, the Internet, books, research papers, periodicals, educational programs and traveling exhibits.

To get a free copy of the research report on Odyssey Marine Exploration (OMEX), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

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