Ocean Bio-Chem (NASDAQ:OBCI) Now Covered by StockNews.com

Analysts at StockNews.com assumed coverage on shares of Ocean Bio-Chem (NASDAQ:OBCI – Get Rating) in a report issued on Friday. The brokerage set a "buy" rating on the stock.

OBCI opened at $12.89 on Friday. Ocean Bio-Chem has a 52-week low of $5.90 and a 52-week high of $13.40. The firm has a market capitalization of $122.58 million, a PE ratio of 15.72 and a beta of -0.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.14 and a current ratio of 7.74. The business's 50-day simple moving average is $8.36 and its 200 day simple moving average is $8.58.

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Ocean Bio-Chem (NASDAQ:OBCI – Get Rating) last released its earnings results on Monday, May 16th. The company reported $0.14 earnings per share (EPS) for the quarter. Ocean Bio-Chem had a return on equity of 16.72% and a net margin of 12.20%. The business had revenue of $12.74 million for the quarter.

An institutional investor recently raised its position in Ocean Bio-Chem stock. AltraVue Capital LLC raised its holdings in Ocean Bio-Chem, Inc. (NASDAQ:OBCI – Get Rating) by 5.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,946 shares of the company's stock after buying an additional 6,050 shares during the period. AltraVue Capital LLC owned about 1.35% of Ocean Bio-Chem worth $1,044,000 at the end of the most recent quarter. 8.03% of the stock is owned by institutional investors and hedge funds.

Ocean Bio-Chem Company Profile (Get Rating)

Ocean Bio-Chem, Inc manufactures, markets, and distributes appearance, performance, and maintenance products for the marine, automotive, power sports, recreational vehicle, home care, and outdoor power equipment markets in the United States and Canada. The company offers marine products, including polishes, cleaners, protectants, 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, brush handles, tie-downs, and other related accessories.

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