The stock of Ocean Bio-Chem, Inc. (NASDAQ:OBCI) is a huge mover today! About 157,930 shares traded hands or 137.51% up from the average. Ocean Bio-Chem, Inc. (NASDAQ:OBCI) has risen 48.92% since April 21, 2016 and is uptrending. It has outperformed by 43.59% the S&P500.
The move comes after 7 months positive chart setup for the $34.53 million company. It was reported on Nov, 23 by Barchart.com. We have $3.98 PT which if reached, will make NASDAQ:OBCI worth $2.42 million more.
Analysts await Ocean Bio-Chem, Inc. (NASDAQ:OBCI) to report earnings on March, 30.
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 increased to 4 in 2016 Q2. Its up 3.00, from 1 in 2016Q1. The ratio improved, 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.
National Bank & Trust Of America De has 0% invested in the company for 3 shares. Grt Cap Ptnrs Ltd holds 198,016 shares or 0.12% of its portfolio. Moreover, Geode Capital Mgmt Limited Company has 0% invested in Ocean Bio-Chem, Inc. (NASDAQ:OBCI) for 26,292 shares. Tower Rech Ltd Liability Corporation (Trc) holds 123 shares or 0% of its portfolio. California Public Employees Retirement, a California-based fund reported 31,895 shares. The California-based Blackrock Fund Advsr has invested 0% in Ocean Bio-Chem, Inc. (NASDAQ:OBCI). Moreover, Vanguard Gru has 0% invested in Ocean Bio-Chem, Inc. (NASDAQ:OBCI) for 11,142 shares. The Ohio-based James Inv Inc has invested 0% in Ocean Bio-Chem, Inc. (NASDAQ:OBCI).
More important recent Ocean Bio-Chem, Inc. (NASDAQ:OBCI) news were published by: Prnewswire.com which released: “Ocean Bio-Chem, Inc. Reports Record Second Quarter Net Income of $657000, an …” on August 15, 2016, also Prnewswire.com published article titled: “Ocean Bio-Chem, Inc. Announces: Distribution Agreement with Davis …”, Streetinsider.com published: “Form 8-K OCEAN BIO CHEM INC For: Oct 28” on October 28, 2016. More interesting news about Ocean Bio-Chem, Inc. (NASDAQ:OBCI) was released by: Seekingalpha.com and their article: “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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