Coda Octopus Group (NASDAQ:CODA) Announces Earnings Results, Beats Estimates By $0.01 EPS

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.

A number of research analysts have issued reports on CODA shares. Alliance Global Partners reissued a “buy” rating and issued a $13.00 target price (up from $11.00) on shares of Coda Octopus Group in a research note on Monday, June 14th. TheStreet upgraded Coda Octopus Group from a “c+” rating to a “b-” rating in a research note on Thursday, June 24th.

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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Earnings History for Coda Octopus Group (NASDAQ:CODA)

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