Coda Octopus Group (NASDAQ:CODA) Releases Earnings Results, Beats Expectations By $0.09 EPS

Coda Octopus Group (NASDAQ:CODAGet Rating) issued its quarterly earnings data on Wednesday. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09, Fidelity Earnings reports. Coda Octopus Group had a net margin of 16.63% and a return on equity of 8.82%.

Coda Octopus Group Stock Performance

Shares of Coda Octopus Group stock opened at $5.19 on Friday. The company has a market capitalization of $56.36 million, a P/E ratio of 15.73 and a beta of 1.31. The company has a fifty day moving average of $4.98 and a 200 day moving average of $5.46. Coda Octopus Group has a fifty-two week low of $4.75 and a fifty-two week high of $9.30.

Analysts Set New Price Targets

Separately, Alliance Global Partners set a $8.00 target price on shares of Coda Octopus Group in a report on Monday, June 20th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Coda Octopus Group stock. Millennium Management LLC purchased a new position in Coda Octopus Group, Inc. (NASDAQ:CODAGet Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,096 shares of the company’s stock, valued at approximately $50,000. Millennium Management LLC owned approximately 0.09% of Coda Octopus Group as of its most recent SEC filing. Institutional investors and hedge funds own 17.75% of the company’s stock.

Coda Octopus Group Company Profile

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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.

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Earnings History for Coda Octopus Group (NASDAQ:CODA)

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