Odyssey Marine Exploration Inc (OMEX) Shares Down 5.5%

Posted on May 10, 2016


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Odyssey Marine Exploration Inc (NASDAQ:OMEX)’s share price was down 5.5% on Friday , Market Beat.com reports. The stock traded as low as $ 2.40 and last traded at $ 2.42, with a volume of 58,464 shares changing hands. The stock had previously closed at $ 2.56.

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

The stock’s 50 day moving average is $ 4.64 and its 200 day moving average is $ 3.95. The stock’s market capitalization is $ 16.39 million.

Odyssey Marine Exploration (NASDAQ:OMEX) last announced its earnings results on Wednesday, March 30th. The company reported $ 0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($ 0.72) by $ 1.05. Equities research analysts anticipate that Odyssey Marine Exploration Inc will post ($ 2.18) earnings per share for the current 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.

12 Month Chart for NASDAQ:OMEX

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