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

StockNews.com assumed coverage on shares of Ocean Bio-Chem (NASDAQ: OBCI – Get Rating) the firm set a “buy” rating on the stock.

Shares of OBCI opened at $ 6.93 on Friday. Ocean Bio-Chem has a 1-year low of $ 6.60 and a 1-year high of $ 15.21. The firm has a market capitalization of $ 65.90 million, a price-to-earnings ratio of 8.45 and The company has a current ratio of 7.74, a quick ratio of 5.49 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average price is $ 7.98 and its 200-day moving average price is $ 8.77. ..

A number of hedge funds and other institutional investors have recently modified their holdings of OBCI. Ancora Advisors LLC lifted its position in Ocean Bio-Chem by 101.6% during the 1st quarter. Ancora Advisors LLC now owns 124,600 shares of the company’s stock valued at $ 1,496,000 After acquiring an additional 62,794 shares during the period. Citadel Advisors LLC purchased a new position in Ocean Bio-Chem during the 3rd quarter valued at about $ 93,000. BlackRock Inc. lifted its position in Ocean Bio-Chem by 637.3% during the 3rd quarter. BlackRock Inc. now owns 10,846 shares of the company’s stock valued at $ 102,000 after acquiring an additional 9,375 shares during the period. AltraVue Capital LLC lifted its position in Ocean Bio-Chem by 5.0% during the 1st quarter. AltraVue Capital LLC now owns 127,946 shares. finally, Stifel Financial Corp raised its holdings in Ocean Bio-Chem. of the company’s stock valued at $ 1,044,000 after acquiring an additional 6,050 shares during the period. by 14.5% in the fourth quarter. Stifel Financial Corp now owns 25,475 shares of the company’s stock worth $ 222,000 after buying an additional 3,225 shares during the last quarter. 8.03% of the stock is owned by institutional investors.

About Ocean Bio-Chem (Get Rating)

Ocean Bio-Chem, Inc manufactures, markets, and distributes appearance, performance, and maintenance products for the marine, automotive, power sports, engagemental 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 salts, and anti-freeze coolants; and brushes, brush handles, tie-downs, and other related accessories.

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