Coda Octopus Group (NASDAQ:CODA) announced its earnings results on Monday. The company reported $0.13 earnings per share (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 CODA opened at $8.90 on Wednesday. The company’s fifty day moving average is $8.92 and its 200 day moving average is $8.60. Coda Octopus Group has a fifty-two week low of $5.15 and a fifty-two week high of $10.17. The stock has a market capitalization of $96.40 million, a PE ratio of 17.80 and a beta of 1.58.
CODA has been the topic of a number of analyst reports. TheStreet raised Coda Octopus Group from a “c+” rating to a “b-” rating in a research report on Thursday, June 24th. Alliance Global Partners reaffirmed a “buy” rating and set a $13.00 price objective (up from $11.00) on shares of Coda Octopus Group in a research report on Monday, June 14th.
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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