Coda Octopus Group, Inc. (NASDAQ:CODA - Get Free Report) fell 3.2% on Monday . The stock traded as low as $9.07 and last traded at $9.16. 58,693 shares traded hands during trading, an increase of 101% from the average session volume of 29,136 shares. The stock had previously closed at $9.46.
Analysts Set New Price Targets
Separately, Alliance Global Partners upped their price target on Coda Octopus Group from $9.00 to $11.00 and gave the stock a "buy" rating in a report on Monday, November 11th.
View Our Latest Analysis on Coda Octopus Group
Coda Octopus Group Trading Down 1.0 %
The company has a fifty day simple moving average of $8.43 and a two-hundred day simple moving average of $7.34. The company has a market cap of $101.49 million, a PE ratio of 33.59 and a beta of 0.55.
Coda Octopus Group (NASDAQ:CODA - Get Free Report) last issued its quarterly earnings results on Monday, September 16th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $5.48 million for the quarter. Coda Octopus Group had a return on equity of 5.93% and a net margin of 15.93%.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Coda Octopus Group stock. Wealthquest Corp acquired a new position in shares of Coda Octopus Group, Inc. (NASDAQ:CODA - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,603 shares of the company's stock, valued at approximately $108,000. Wealthquest Corp owned approximately 0.13% of Coda Octopus Group as of its most recent filing with the SEC. Hedge funds and other institutional investors own 20.12% of the company's stock.
Coda Octopus Group Company Profile
(
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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