Tocqueville Asset Management L.P. Trims Stock Position in Coda Octopus Group, Inc. (NASDAQ:CODA)

Tocqueville Asset Management L.P. lowered its position in shares of Coda Octopus Group, Inc. (NASDAQ:CODA - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 398,046 shares of the company's stock after selling 44,918 shares during the period. Tocqueville Asset Management L.P. owned 3.55% of Coda Octopus Group worth $3,117,000 as of its most recent SEC filing.

Separately, Wealthquest Corp purchased a new position in Coda Octopus Group during the third quarter valued at approximately $108,000. Institutional investors own 20.12% of the company's stock.

Coda Octopus Group Stock Down 0.6 %

NASDAQ:CODA traded down $0.04 during mid-day trading on Friday, hitting $6.69. 21,493 shares of the stock traded hands, compared to its average volume of 28,117. Coda Octopus Group, Inc. has a 12-month low of $5.65 and a 12-month high of $9.89. The company has a market cap of $75.06 million, a PE ratio of 20.27 and a beta of 0.60. The business's 50-day moving average price is $7.66 and its 200 day moving average price is $8.01.

Coda Octopus Group (NASDAQ:CODA - Get Free Report) last announced its quarterly earnings data on Monday, March 17th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. The firm had revenue of $5.21 million during the quarter, compared to analyst estimates of $6.35 million. Coda Octopus Group had a net margin of 17.95% and a return on equity of 7.04%.

Remove Ads

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.