Odyssey Marine Exploration Downgraded by Zacks (OMEX)

Posted on Aug 23, 2015


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Zacks cut shares of Odyssey Marine Exploration (NASDAQ:OMEX) from a hold rating to a sell rating in a research report released on Thursday, Market Beat Ratings reports.

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

Shares of Odyssey Marine Exploration (NASDAQ:OMEX) traded down 2.180% during midday trading on Thursday, hitting $ 0.341. The company had a trading volume of 307,689 shares. Odyssey Marine Exploration has a 12 month low of $ 0.30 and a 12 month high of $ 1.39. The firm’s market capitalization is $ 30.61 million. The company has a 50-day moving average of $ 0.39 and a 200 day moving average of $ 0.57.

Odyssey Marine Exploration (NASDAQ:OMEX) last posted its quarterly earnings data on Friday, August 7th. The company reported ($ 0.07) earnings per share for the quarter, hitting the consensus estimate of ($ 0.07). On average, analysts expect that Odyssey Marine Exploration will post ($ 0.20) 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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