Coda Octopus Group (NASDAQ:CODA) Trading 0.5% Higher - Here's What Happened

Coda Octopus Group, Inc. (NASDAQ:CODA - Get Free Report) traded up 0.5% on Monday . The stock traded as high as $7.99 and last traded at $7.85. 33,312 shares changed hands during trading, an increase of 2% from the average session volume of 32,750 shares. The stock had previously closed at $7.81.

Analysts Set New Price Targets

Separately, Alliance Global Partners lifted their price objective on Coda Octopus Group from $9.00 to $11.00 and gave the stock a "buy" rating in a report on Monday, November 11th.

Coda Octopus Group Stock Down 1.3 %

The business's fifty day moving average is $8.22 and its 200-day moving average is $8.01. The company has a market cap of $88.53 million, a PE ratio of 23.91 and a beta of 0.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Wealthquest Corp bought a new position in Coda Octopus Group in the 3rd quarter worth $108,000. Essex Investment Management Co. LLC bought a new position in shares of Coda Octopus Group in the fourth quarter worth about $114,000. Renaissance Technologies LLC lifted its position in shares of Coda Octopus Group by 137.2% during 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 in the last quarter. Geode Capital Management LLC increased its holdings in Coda Octopus Group by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 59,424 shares of the company's stock worth $465,000 after acquiring an additional 2,054 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Coda Octopus Group by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 59,999 shares of the company's stock worth $470,000 after acquiring an additional 2,180 shares in the last quarter. Hedge funds and other institutional investors own 20.12% of the company's stock.

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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.