Essex Investment Management Co. LLC Takes Position in Coda Octopus Group, Inc. (NASDAQ:CODA)

Essex Investment Management Co. LLC acquired a new position in Coda Octopus Group, Inc. (NASDAQ:CODA) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 14,603 shares of the company’s stock, valued at approximately $114,000. Essex Investment Management Co. LLC owned approximately 0.13% of Coda Octopus Group as of its most recent filing with the SEC.

Separately, Wealthquest Corp bought a new stake in Coda Octopus Group in the third quarter worth about $108,000. Institutional investors and hedge funds own 20.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners raised their price objective on shares of Coda Octopus Group from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Monday, November 11th.

Coda Octopus Group Stock Performance

Coda Octopus Group stock opened at $6.85 on Monday. Coda Octopus Group, Inc. has a 1 year low of $5.50 and a 1 year high of $9.89. The firm’s 50 day moving average price is $7.96 and its two-hundred day moving average price is $8.07. The firm has a market cap of $76.85 million, a price-to-earnings ratio of 20.76 and a beta of 0.60.

About Coda Octopus Group

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.