Odyssey Marine Exploration Inc (NASDAQ:OMEX)’s share price dropped 5.5% during mid-day trading on Friday , Analyst Ratings Network.com reports. The company traded as low as $ 2.40 and last traded at $ 2.42, with a volume of 58,464 shares traded. 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 for the company. in a report on Wednesday, April 13th.
The company’s market capitalization is $ 16.39 million. The stock has a 50-day moving average price of $ 4.64 and a 200 day moving average price of $ 3.95.
Odyssey Marine Exploration (NASDAQ:OMEX) last posted its quarterly earnings data on Wednesday, March 30th. The company reported $ 0.33 EPS for the quarter, topping the consensus estimate of ($ 0.72) by $ 1.05. Equities analysts predict 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.
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