Coda Octopus Group (NASDAQ:CODA) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Coda Octopus Group (NASDAQ:CODA) issued its earnings results on Monday. The company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.07, Fidelity Earnings reports. Coda Octopus Group had a return on equity of 10.07% and a net margin of 13.76%.

Coda Octopus Group stock opened at $5.96 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.08 and a quick ratio of 4.34. The company has a market capitalization of $64.08 million, a PE ratio of 19.87 and a beta of 1.36. Coda Octopus Group has a one year low of $4.26 and a one year high of $10.09. The business has a 50 day simple moving average of $6.06 and a 200 day simple moving average of $5.55.

In related news, major shareholder Bryan Ezralow sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $6.21, for a total transaction of $74,520.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 33.10% of the company’s stock.

Coda Octopus Group Company Profile

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

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Earnings History for Coda Octopus Group (NASDAQ:CODA)

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