Odyssey Marine Exploration (NASDAQ:OMEX) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of Odyssey Marine Exploration (NASDAQ:OMEX) from a hold rating to a buy rating in a research note published on Thursday morning, ValuEngine reports.

OMEX stock traded up $0.05 during mid-day trading on Thursday, hitting $4.95. 8,275 shares of the company were exchanged, compared to its average volume of 10,507. The business has a 50 day simple moving average of $5.28. Odyssey Marine Exploration has a 1-year low of $3.16 and a 1-year high of $9.87.

Odyssey Marine Exploration (NASDAQ:OMEX) last issued its quarterly earnings data on Wednesday, May 15th. The business services provider reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $0.28 million for the quarter.

In related news, Director Mark B. Justh acquired 19,516 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was purchased at an average cost of $5.06 per share, for a total transaction of $98,750.96. Following the completion of the transaction, the director now directly owns 174,642 shares of the company’s stock, valued at approximately $883,688.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 8.80% of the company’s stock.

About Odyssey Marine Exploration

Odyssey Marine Exploration, Inc engages in the discovery, development, and extraction of deep-ocean minerals. It provides shipwreck cargo recovery and other marine survey exploration charter services. The company was founded by Gregory P. Stemm and John C. Morris in 1994 and is headquartered in Tampa, FL.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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