Coda Octopus Group (NASDAQ:CODA) Issues Earnings Results, Misses Estimates By $0.03 EPS

Coda Octopus Group (NASDAQ:CODAGet Rating) issued its quarterly earnings data on Tuesday. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03), Fidelity Earnings reports. Coda Octopus Group had a return on equity of 12.27% and a net margin of 22.77%.

Shares of Coda Octopus Group stock opened at $4.98 on Wednesday. The firm has a market cap of $54.07 million, a P/E ratio of 11.07 and a beta of 1.44. Coda Octopus Group has a fifty-two week low of $4.77 and a fifty-two week high of $10.17. The business has a 50-day moving average price of $5.54 and a 200 day moving average price of $6.41.

Institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp bought a new stake in Coda Octopus Group in the fourth quarter valued at about $115,000. Ancora Advisors LLC increased its holdings in Coda Octopus Group by 37.1% in the first quarter. Ancora Advisors LLC now owns 52,713 shares of the company’s stock valued at $468,000 after buying an additional 14,270 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in Coda Octopus Group by 2.1% in the fourth quarter. BlackRock Inc. now owns 102,337 shares of the company’s stock valued at $819,000 after buying an additional 2,092 shares during the last quarter. 20.75% of the stock is owned by hedge funds and other institutional investors.

About Coda Octopus Group (Get Rating)

Coda Octopus Group, Inc, together with its subsidiaries, develops and sells underwater technologies and equipment for 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.

Further Reading

Earnings History for Coda Octopus Group (NASDAQ:CODA)

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