Ocean Bio-Chem, Inc. (NASDAQ:OBCI)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.44 and traded as low as $3.41. Ocean Bio-Chem shares last traded at $3.43, with a volume of 13,013 shares.

The firm has a 50-day moving average of $3.51 and a 200 day moving average of $3.44. The stock has a market capitalization of $32.53 million, a price-to-earnings ratio of 11.43 and a beta of 0.98. The company has a current ratio of 6.50, a quick ratio of 3.80 and a debt-to-equity ratio of 0.15.

Ocean Bio-Chem (NASDAQ:OBCI) last released its quarterly earnings results on Thursday, November 14th. The company reported $0.12 EPS for the quarter. The firm had revenue of $12.50 million for the quarter. Ocean Bio-Chem had a return on equity of 9.58% and a net margin of 6.60%.

An institutional investor recently raised its position in Ocean Bio-Chem stock. Renaissance Technologies LLC raised its holdings in Ocean Bio-Chem, Inc. (NASDAQ:OBCI) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,574 shares of the company’s stock after purchasing an additional 2,974 shares during the period. Renaissance Technologies LLC owned about 0.65% of Ocean Bio-Chem worth $204,000 as of its most recent SEC filing. 4.15% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Recession

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