Coda Octopus Group (NASDAQ:CODA) issued its earnings results on Monday. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01, Fidelity Earnings reports. Coda Octopus Group had a return on equity of 15.59% and a net margin of 27.32%.
Shares of NASDAQ CODA opened at $8.90 on Wednesday. The company has a 50-day moving average price of $8.92 and a 200-day moving average price of $8.60. Coda Octopus Group has a 1 year low of $5.15 and a 1 year high of $10.17. The stock has a market capitalization of $96.40 million, a P/E ratio of 17.80 and a beta of 1.58.
In other Coda Octopus Group news, insider Blair Graeme Cunningham sold 7,492 shares of Coda Octopus Group stock in a transaction on Monday, June 21st. The stock was sold at an average price of $9.49, for a total transaction of $71,099.08. Following the completion of the transaction, the insider now owns 27,298 shares in the company, valued at $259,058.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Midgley sold 16,107 shares of the business’s stock in a transaction that occurred on Friday, June 18th. The stock was sold at an average price of $9.50, for a total transaction of $153,016.50. Following the completion of the transaction, the chief financial officer now owns 3,000 shares of the company’s stock, valued at $28,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,981 shares of company stock worth $716,273. Insiders own 31.50% of the company’s stock.
About Coda Octopus Group
Coda Octopus Group, Inc engages in designing and manufacturing patented real time 3D sonar solutions. It operates through the following two segments: Marine Technology Business and Marine Engineering Business. The Marine Technology Business segment develops solutions for both commercial and defense subsea market.
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