Coda Octopus Group, Inc. (NASDAQ:CODA - Get Free Report) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $7.99 and traded as low as $6.72. Coda Octopus Group shares last traded at $6.85, with a volume of 12,314 shares trading hands.
Coda Octopus Group Trading Down 0.9 %
The stock has a market capitalization of $75.73 million, a P/E ratio of 20.46 and a beta of 0.60. The stock's 50 day simple moving average is $7.92 and its 200 day simple moving average is $8.05.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Wealthquest Corp bought a new position in Coda Octopus Group during the third quarter worth $108,000. Essex Investment Management Co. LLC bought a new position in shares of Coda Octopus Group in the 4th quarter worth about $114,000. Renaissance Technologies LLC boosted its holdings in shares of Coda Octopus Group by 137.2% in the 4th quarter. Renaissance Technologies LLC now owns 23,751 shares of the company's stock valued at $186,000 after buying an additional 13,737 shares during the period. Northern Trust Corp boosted its holdings in shares of Coda Octopus Group by 52.9% in the 4th quarter. Northern Trust Corp now owns 38,833 shares of the company's stock valued at $304,000 after buying an additional 13,442 shares during the period. Finally, Citadel Advisors LLC grew its position in shares of Coda Octopus Group by 90.1% during the 4th quarter. Citadel Advisors LLC now owns 50,804 shares of the company's stock valued at $398,000 after buying an additional 24,084 shares during the last quarter. Institutional investors and hedge funds own 20.12% of the company's stock.
About Coda Octopus Group
(
Get Free Report)
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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