Odyssey Marine Exploration Downgraded by Zacks to “Sell” (OMEX)

Posted on Oct 7, 2015

Zacks downgraded shares of Odyssey Marine Exploration (NASDAQ:OMEX) from a hold rating to a sell rating in a report released on Monday, MarketBeat reports.

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

Odyssey Marine Exploration (NASDAQ:OMEX) traded up 1.1467% during midday trading on Monday, hitting $ 0.3793. The company had a trading volume of 70,146 shares. Odyssey Marine Exploration has a 52 week low of $ 0.26 and a 52 week high of $ 1.39. The stock has a 50 day moving average price of $ 0.34 and a 200-day moving average price of $ 0.49. The stock’s market capitalization is $ 34.05 million.

Odyssey Marine Exploration (NASDAQ:OMEX) last issued its earnings results on Friday, August 7th. The company reported ($ 0.07) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($ 0.07). On average, equities analysts predict that Odyssey Marine Exploration will post ($ 0.30) EPS for the current 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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