Coda Octopus Group (NASDAQ:CODA) Trading 1.2% Higher

Coda Octopus Group, Inc. (NASDAQ:CODA)’s share price was up 1.2% on Monday . The stock traded as high as $6.05 and last traded at $6.05. Approximately 5,916 shares changed hands during trading, a decline of 72% from the average daily volume of 21,451 shares. The stock had previously closed at $5.98.

Coda Octopus Group Trading Up 1.2 %

The company has a market capitalization of $67.64 million, a price-to-earnings ratio of 24.20 and a beta of 0.59. The firm’s 50 day moving average price is $6.43 and its two-hundred day moving average price is $6.13.

Coda Octopus Group (NASDAQ:CODA) last announced its quarterly earnings results on Wednesday, June 12th. The company reported $0.13 EPS for the quarter. Coda Octopus Group had a net margin of 15.15% and a return on equity of 5.54%. The business had revenue of $5.32 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Byrne Asset Management LLC acquired a new position in Coda Octopus Group in the 4th quarter valued at about $25,000. Victory Capital Management Inc. acquired a new position in Coda Octopus Group in the 4th quarter valued at about $58,000. Finally, Buckingham Capital Management Inc. bought a new stake in Coda Octopus Group in the 4th quarter valued at about $60,000. Institutional investors and hedge funds 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.