Coda Octopus Group (NASDAQ:CODA) Trading 0.5% Higher

Coda Octopus Group, Inc. (NASDAQ:CODA)’s share price rose 0.5% during mid-day trading on Friday . The stock traded as high as $6.16 and last traded at $6.03. Approximately 11,758 shares traded hands during trading, a decline of 58% from the average daily volume of 27,677 shares. The stock had previously closed at $6.00.

Coda Octopus Group Price Performance

The stock has a market cap of $67.36 million, a P/E ratio of 28.71 and a beta of 1.02. The firm’s 50-day moving average price is $5.82 and its 200-day moving average price is $6.05.

Coda Octopus Group (NASDAQ:CODA) last released its quarterly earnings data on Monday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $4.46 million for the quarter. Coda Octopus Group had a net margin of 12.94% and a return on equity of 4.79%.

Institutional Investors Weigh In On Coda Octopus Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Coda Octopus Group by 1.3% during the second quarter. BlackRock Inc. now owns 104,856 shares of the company’s stock valued at $861,000 after buying an additional 1,386 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Coda Octopus Group by 12.1% in the third quarter. Commonwealth Equity Services LLC now owns 18,500 shares of the company’s stock worth $115,000 after purchasing an additional 2,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Coda Octopus Group by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 62,544 shares of the company’s stock worth $429,000 after purchasing an additional 2,317 shares during the last quarter. Byrne Asset Management LLC bought a new stake in Coda Octopus Group in the fourth quarter worth $25,000. Finally, Royal Bank of Canada increased its position in Coda Octopus Group by 32.8% in the fourth quarter. Royal Bank of Canada now owns 17,133 shares of the company’s stock worth $103,000 after purchasing an additional 4,234 shares during the last quarter. Institutional investors own 20.12% of the company’s stock.

Coda Octopus Group Company Profile

Coda Octopus Group, Inc, together with its subsidiaries, develops, sells, and rentals underwater technologies and equipment for real time 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.