Ocean Bio-Chem (NASDAQ:OBCI) Stock Price Passes Below Two Hundred Day Moving Average of $3.41

Ocean Bio-Chem, Inc. (NASDAQ:OBCI)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.41 and traded as low as $3.28. Ocean Bio-Chem shares last traded at $3.33, with a volume of 192 shares changing hands.

The firm’s 50-day moving average price is $3.46 and its 200 day moving average price is $3.41. The company has a market capitalization of $31.11 million, a price-to-earnings ratio of 10.38 and a beta of 0.79. The company has a current ratio of 7.13, a quick ratio of 3.84 and a debt-to-equity ratio of 0.16.

Ocean Bio-Chem (NASDAQ:OBCI) last issued its earnings results on Wednesday, August 14th. The company reported $0.11 EPS for the quarter. The company had revenue of $10.95 million during the quarter. Ocean Bio-Chem had a net margin of 6.84% and a return on equity of 10.32%.

An institutional investor recently bought a new position in Ocean Bio-Chem stock. River & Mercantile Asset Management LLP acquired a new position in shares of Ocean Bio-Chem, Inc. (NASDAQ:OBCI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 141,284 shares of the company’s stock, valued at approximately $465,000. River & Mercantile Asset Management LLP owned approximately 1.51% of Ocean Bio-Chem at the end of the most recent reporting period. 5.36% of the stock is owned by institutional investors and hedge funds.

Ocean Bio-Chem Company Profile (NASDAQ:OBCI)

Ocean Bio-Chem, Inc manufactures, markets, and distributes appearance, performance, and maintenance products for the marine, automotive, power sports, recreational vehicle, and outdoor power equipment markets in the United States and Canada. The company offers marine products, including polishes, cleaners, protectants, and waxes; enzyme fuel treatments; private label products; motor and teak oils, boat washes, vinyl and teak cleaners, bilge and hull cleaners, silicone and polyurethane sealants, polysulfide sealants, gasket materials, lubricants, antifouling additives, and anti-freeze coolants; and brushes, poles, tie-downs, and other related accessories.

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