Odyssey Marine Exploration Stock Rating Lowered by Zacks (OMEX)

Posted on May 17, 2014

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Odyssey Marine Exploration (NASDAQ:OMEX) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday, AnalystRatings.Net reports. They currently have a $ 2.00 target price on the stock. Zacks‘s price target points to a potential upside of 24.22% from the stock’s previous close.

Odyssey Marine Exploration (NASDAQ:OMEX) traded down 2.80% during mid-day trading on Friday, hitting $ 1.565. 534,256 shares of the company’s stock traded hands. Odyssey Marine Exploration has a 52 week low of $ 1.44 and a 52 week high of $ 3.70. The stock has a 50-day moving average of $ 2.08 and a 200-day moving average of $ 2.09. The company’s market cap is $ 131.3 million.

Odyssey Marine Exploration (NASDAQ:OMEX) last issued its quarterly earnings data on Monday, May 12th. The company reported ($ 0.12) EPS for the quarter, missing the Thomson Reuters 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. On average, analysts predict that Odyssey Marine Exploration will post $ -0.02 earnings per share 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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