Coda Octopus Group (NASDAQ:CODA) Issues Earnings Results

Coda Octopus Group (NASDAQ:CODAGet Rating) posted its earnings results on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03), Fidelity Earnings reports. Coda Octopus Group had a net margin of 22.77% and a return on equity of 12.27%.

NASDAQ:CODA opened at $4.98 on Wednesday. Coda Octopus Group has a 1 year low of $4.77 and a 1 year high of $10.17. The stock has a market cap of $54.07 million, a price-to-earnings ratio of 11.07 and a beta of 1.44. The stock has a 50-day moving average price of $5.54 and a two-hundred day moving average price of $6.41.

A number of large investors have recently bought and sold shares of the business. Ancora Advisors LLC grew its stake in Coda Octopus Group by 37.1% in the first quarter. Ancora Advisors LLC now owns 52,713 shares of the company’s stock valued at $468,000 after acquiring an additional 14,270 shares during the period. BlackRock Inc. grew its stake in Coda Octopus Group by 2.1% in the fourth quarter. BlackRock Inc. now owns 102,337 shares of the company’s stock valued at $819,000 after acquiring an additional 2,092 shares during the period. Finally, Stifel Financial Corp acquired a new position in Coda Octopus Group in the fourth quarter valued at about $115,000. 20.75% of the stock is owned by hedge funds and other institutional investors.

Coda Octopus Group Company Profile (Get Rating)

Coda Octopus Group, Inc, together with its subsidiaries, develops and sells underwater technologies and equipment for 3D imaging, mapping, defense, and survey applications in the Americas, Europe, Australia, Asia, the Middle East, and Africa. The company operates through two segments, Marine Engineering Business and Marine Technology Business.

Further Reading

Earnings History for Coda Octopus Group (NASDAQ:CODA)

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