Odyssey Marine Exploration Inc (NASDAQ:OMEX) Given Average Rating of “Hold” by Analysts

Posted on May 25, 2016


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Shares of Odyssey Marine Exploration Inc (NASDAQ:OMEX) have received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Odyssey Marine Exploration’s rating score has declined by 200% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Zacks has also assigned Odyssey Marine Exploration an industry rank of 110 out of 265 based on the ratings given to its competitors.

Separately, Craig Hallum lowered shares of Odyssey Marine Exploration from a “buy” rating to a “hold” rating and set a $ 3.50 price target on the stock. in a research note on Wednesday, April 13th.

Shares of Odyssey Marine Exploration (NASDAQ:OMEX) traded down 1.14% on Wednesday, hitting $ 2.61. 11,060 shares of the stock traded hands. The stock’s market cap is $ 19.68 million. Odyssey Marine Exploration has a 52-week low of $ 1.80 and a 52-week high of $ 9.36. The stock’s 50 day moving average price is $ 3.36 and its 200 day moving average price is $ 3.65.

Odyssey Marine Exploration (NASDAQ:OMEX) last issued its quarterly earnings results on Wednesday, March 30th. The company reported $ 0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($ 0.72) by $ 1.05. On average, equities analysts expect that Odyssey Marine Exploration will post ($ 2.18) EPS for the current fiscal year.

Odyssey Marine Exploration, Inc is a deep-ocean exploration company. The Company is engaged in seafloor mineral exploration and in the search and recovery of deep-ocean shipwrecks across the world. The Company’s techniques are being applied to historic shipwreck projects, modern commodity shipwrecks and mineral exploration.

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