Zacks Downgrades Odyssey Marine Exploration to Neutral (OMEX)
Odyssey Marine Exploration (NASDAQ:OMEX) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Thursday, American Banking News.com reports. They currently have a $2.30 price target on the stock. Zacks‘ target price suggests a potential upside of 13.86% from the stock’s previous close.
Shares of Odyssey Marine Exploration (NASDAQ:OMEX) traded down 2.72% during mid-day trading on Thursday, hitting $1.965. The stock had a trading volume of 666,187 shares. Odyssey Marine Exploration has a one year low of $1.715 and a one year high of $3.70. The stock has a 50-day moving average of $2.01 and a 200-day moving average of $2.76. The company’s market cap is $164.2 million.
Odyssey Marine Exploration (NASDAQ:OMEX) last released its earnings data on Tuesday, November 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.08.
Odyssey Marine Exploration, Inc is engaged in archaeologically sensitive exploration and recovery of deep-ocean shipwrecks worldwide.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.