Touchstone Capital Inc. Trims Stake in Coda Octopus Group, Inc. (NASDAQ:CODA)

Touchstone Capital Inc. lessened its holdings in Coda Octopus Group, Inc. (NASDAQ:CODA - Free Report) by 15.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 436,942 shares of the company's stock after selling 76,986 shares during the quarter. Coda Octopus Group accounts for approximately 4.8% of Touchstone Capital Inc.'s holdings, making the stock its 13th largest holding. Touchstone Capital Inc. owned 3.91% of Coda Octopus Group worth $3,168,000 as of its most recent SEC filing.

Separately, Rice Hall James & Associates LLC boosted its holdings in Coda Octopus Group by 3.8% in the second quarter. Rice Hall James & Associates LLC now owns 244,490 shares of the company's stock worth $1,473,000 after acquiring an additional 8,948 shares in the last quarter. Institutional investors and hedge funds own 20.12% of the company's stock.

Coda Octopus Group Stock Up 0.9 %

Shares of NASDAQ:CODA traded up $0.08 during trading on Wednesday, hitting $8.56. The stock had a trading volume of 35,976 shares, compared to its average volume of 23,697. Coda Octopus Group, Inc. has a 12-month low of $5.21 and a 12-month high of $8.83. The stock has a market capitalization of $95.66 million, a price-to-earnings ratio of 34.32 and a beta of 0.54. The stock has a 50-day simple moving average of $7.34 and a two-hundred day simple moving average of $6.79.

Coda Octopus Group (NASDAQ:CODA - Get Free Report) last announced its quarterly earnings data on Monday, September 16th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Coda Octopus Group had a return on equity of 5.93% and a net margin of 15.93%. The firm had revenue of $5.48 million during the quarter.

Coda Octopus Group Profile

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.