Wednesday, February 23, 2011

Omega Protein hits new 52-week high at US$11.25

Shares of Omega Protein Co. (OME) hit a new 52-week high on Tuesday. The stock traded as high as US$11.25 (UK£6.934) during mid-day trading and last traded at US$11.19 (UK£6.897). The stock previously closed at US$11.05 (UK£6.811). On a related note, analysts at Zacks Investment Research upgraded shares of Omega Protein Co from an “underperform” rating to a “neutral” rating in a research note to investors on January 31st.

Omega Protein Corporation (Omega) is a processor, marketer and distributor of fish meal and fish oil products in the United States. The Company produces and sells a variety of protein and oil products derived from menhaden, a species of wild herring-like fish found along the Gulf of Mexico and Atlantic coasts.

The fish are not genetically modified or enhanced. The Company processes several grades of fish meal, as well as fish oil and fish solubles. The Company's fish meal products are primarily used as a protein ingredient in animal feed for swine, cattle, aquaculture and household pets. Fish oil is utilised for animal and aquaculture feeds, industrial applications, additives to human food products, and as dietary supplements. Read more ...

This blog is written by Martin Little The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers.
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