Coda Octopus Group (NASDAQ:CODA - Free Report) had its price target upped by Alliance Global Partners from $9.00 to $11.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the stock.
Coda Octopus Group Trading Down 0.7 %
NASDAQ:CODA traded down $0.06 during trading hours on Monday, hitting $9.02. 71,420 shares of the stock were exchanged, compared to its average volume of 25,477. Coda Octopus Group has a 52-week low of $5.21 and a 52-week high of $9.15. The firm's fifty day moving average price is $7.85 and its 200 day moving average price is $7.09. The company has a market cap of $100.93 million, a P/E ratio of 33.41 and a beta of 0.52.
Coda Octopus Group (NASDAQ:CODA - Get Free Report) last posted its quarterly earnings results on Monday, September 16th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The business had revenue of $5.48 million during the quarter. Coda Octopus Group had a return on equity of 5.93% and a net margin of 15.93%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Coda Octopus Group stock. Rice Hall James & Associates LLC increased its stake in Coda Octopus Group, Inc. (NASDAQ:CODA - Free Report) by 25.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 307,388 shares of the company's stock after acquiring an additional 62,898 shares during the period. Rice Hall James & Associates LLC owned approximately 2.75% of Coda Octopus Group worth $2,229,000 at the end of the most recent reporting period. 20.12% of the stock is owned by institutional investors.
Coda Octopus Group Company Profile
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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.
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