Odyssey Marine Exploration Inc (OMEX) Trading 5% Higher

Posted on Jun 18, 2016


Odyssey Marine Exploration Inc (NASDAQ:OMEX)’s share price traded up 5% during mid-day trading on Friday . The stock traded as high as $ 2.11 and last traded at $ 2.10, with a volume of 94,129 shares trading hands. The stock had previously closed at $ 2.00.

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

The firm’s market cap is $ 15.84 million. The firm’s 50 day moving average price is $ 2.45 and its 200-day moving average price is $ 3.46.

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, beating the Thomson Reuters’ consensus estimate of ($ 0.72) by $ 1.05. Equities analysts forecast that Odyssey Marine Exploration Inc will post ($ 2.18) EPS 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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