Notable Reporting: Could Ocean Bio-Chem, Inc. Recover After Today’s Huge Decline?

Notable Reporting: Could Ocean Bio Chem, Inc. Recover After Today's Huge Decline?

The stock of Ocean Bio-Chem, Inc. (NASDAQ:OBCI) is a huge mover today! About 102,816 shares traded hands or 88.75% up from the average. Ocean Bio-Chem, Inc. (NASDAQ:OBCI) has risen 65.13% since April 13, 2016 and is uptrending. It has outperformed by 61.20% the S&P500.
The move comes after 6 months negative chart setup for the $46.34 million company. It was reported on Nov, 15 by Barchart.com. We have $3.29 PT which if reached, will make NASDAQ:OBCI worth $5.10M less.

According to Zacks Investment Research, “OCEAN BIO-CHEM, INC. is principally engaged in the marketing and distribution of a broad line of appearance and maintenance products for automobiles, boats, motorcycles, recreational vehicles and aircraft under the Star Brite name.”

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.50, from 1.5 in 2016Q1. The ratio worsened, as 2 funds sold all Ocean Bio-Chem, Inc. shares owned while 1 reduced positions. 1 funds bought stakes while 2 increased positions. They now own 279,267 shares or 7.99% more from 258,605 shares in 2016Q1.
The California-based Blackrock Fund has invested 0% in Ocean Bio-Chem, Inc. (NASDAQ:OBCI). James Inv Rech last reported 0% of its portfolio in the stock. Geode Mngmt Ltd Co last reported 26,292 shares in the company. California Pub Employees Retirement Sys owns 31,895 shares or 0% of their US portfolio. Grt Cap Partners Ltd last reported 0.12% of its portfolio in the stock. Moreover, Tower Cap Limited Company (Trc) has 0% invested in Ocean Bio-Chem, Inc. (NASDAQ:OBCI) for 123 shares. Bank Of America De holds 0% or 3 shares in its portfolio. Vanguard Gru holds 0% of its portfolio in Ocean Bio-Chem, Inc. (NASDAQ:OBCI) for 11,142 shares.

More notable recent Ocean Bio-Chem, Inc. (NASDAQ:OBCI) news were published by: Prnewswire.com which released: “Ocean Bio-Chem, Inc. Reports Record Third Quarter Financial Results” on November 14, 2016, also Prnewswire.com with their article: “Ocean Bio-Chem, Inc. Reports Record Second Quarter Net Income of $657000, an …” published on August 15, 2016, Prnewswire.com published: “Ocean Bio-Chem, Inc. Announces: Distribution Agreement with Davis …” on September 15, 2015. More interesting news about Ocean Bio-Chem, Inc. (NASDAQ:OBCI) were released by: Streetinsider.com and their article: “Form 8-K OCEAN BIO CHEM INC For: Oct 28” published on October 28, 2016 as well as Seekingalpha.com‘s news article titled: “Ocean Bio-Chem: An Avian Flu Pure Play?” with publication date: May 26, 2015.

OBCI Company Profile

Ocean Bio-Chem, Inc., incorporated on November 13, 1973, is engaged in the manufacturing, marketing and distribution of a range of appearance, performance and maintenance products. The Firm offers its services under the Star brite and Star Tron brand names within the United States and Canada. In addition, the Company produces private label formulations of its products for various clients and provides custom blending and packaging services for these and other products. The Firm is also engaged in manufacturing, marketing and distributing disinfectant, sanitizing and deodorizing products under the Performacide and Star brite brand names. The products that the Company makes and markets include marine, automotive, recreational vehicle/power sports, outdoor power equipment/lawn and garden, disinfectants, sanitizers and deodorizers, and contract filling and blow molded bottles. The Firm produces its products at the manufacturing facilities of its subsidiary, Kinpak, Inc., in Montgomery, Alabama.

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