Odyssey Marine Exploration Rating Lowered to Neutral at Zacks (OMEX)

Posted on May 20, 2014

Zacks lowered shares of Odyssey Marine Exploration (NASDAQ:OMEX) from an outperform rating to a neutral rating in a research report released on Friday morning. Zacks currently has $ 2.00 price objective on the stock.

Shares of Odyssey Marine Exploration (NASDAQ:OMEX) opened at 1.6275 on Friday. Odyssey Marine Exploration has a 52-week low of $ 1.44 and a 52-week high of $ 3.70. The stock’s 50-day moving average is $ 2.06 and its 200-day moving average is $ 2.08. The company’s market cap is $ 138.0 million.

Odyssey Marine Exploration (NASDAQ:OMEX) last issued its quarterly earnings data on Monday, May 12th. The company reported ($ 0.12) earnings per share for the quarter, missing the analysts’ consensus estimate of ($ 0.09) by $ 0.03. The company had revenue of $ 0.57 million for the quarter, compared to the consensus estimate of $ 1.23 million. Analysts expect that Odyssey Marine Exploration will post $ -0.02 EPS for the current fiscal year.

Odyssey Marine Exploration, Inc is engaged in archaeologically sensitive exploration and recovery of deep-ocean shipwrecks worldwide.

To view Zacks’ full report, visit Zacks’ official website.

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