Coda Octopus Group (NASDAQ:CODA) Trading 1.2% Higher

Coda Octopus Group, Inc. (NASDAQ:CODA) shares shot up 1.2% during trading on Monday . The stock traded as high as $6.05 and last traded at $6.05. 5,916 shares changed hands during trading, a decline of 72% from the average session volume of 21,451 shares. The stock had previously closed at $5.98.

Coda Octopus Group Stock Performance

The firm has a fifty day simple moving average of $6.41 and a 200 day simple moving average of $6.13. The company has a market capitalization of $69.29 million, a PE ratio of 24.80 and a beta of 0.59.

Coda Octopus Group (NASDAQ:CODA) last posted its quarterly earnings data on Wednesday, June 12th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $5.32 million during the quarter. Coda Octopus Group had a return on equity of 5.54% and a net margin of 15.15%.

Institutional Trading of Coda Octopus Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CODA. Byrne Asset Management LLC purchased a new position in shares of Coda Octopus Group in the 4th quarter valued at about $25,000. Victory Capital Management Inc. purchased a new position in shares of Coda Octopus Group in the 4th quarter valued at about $58,000. Finally, Buckingham Capital Management Inc. purchased a new stake in Coda Octopus Group during the 4th quarter worth approximately $60,000. Institutional investors and hedge funds own 20.12% of the company’s stock.

About Coda Octopus Group

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