Codan (CODAF) Stock Price, News & Analysis

Company Overview

Codan Limited develops technology solutions for United Nations organizations, mining companies, security and military groups, government departments, individuals, and small-scale miners. It operates through Communications and Metal Detection segments. The Communications segment designs, develops, manufactures, and markets communication equipment that consists of DTC radio solutions for the wireless transmission of video and other data applications; and Zetron communications solutions. The Metal Detection segment designs, develops, manufactures, and markets metal detection equipment, such as handheld metal detecting technologies for recreational, gold mining, demining, and military markets. The company sells its products through a network of dealers, distributors, and agents in Australia, Canada, Denmark, the United Kingdom, the United States, Brazil, India, Ireland, Mexico, Singapore, the United Arab Emirates, and internationally. Codan Limited was incorporated in 1959 and is headquartered in Mawson Lakes, Australia.

Key Stats

• Today's Range: C$7.30 to C$7.30
• 50-Day Range: C$7.30 to C$7.30
• 52-Week Range: C$4.90 to C$7.86
• Volume: N/A
• Average Volume: 400 shs
• Market Capitalization: N/A
• P/E Ratio: 140.38
• Dividend Yield: 1.16%
• Price Target: N/A
• Consensus Rating: N/A

Codan Stock Analysis - MarketRank™

Codan scored higher than 6% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Codan.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Codan is 140.38, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 113.42.

Price to Earnings Ratio vs. Sector

The P/E ratio of Codan is 140.38, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 238.11.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Codan has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Codan is a leading dividend payer. It pays a dividend yield of 4.22%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Codan does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Codan is 163.46%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Codan has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

News and Social Media

• Score: 1.0 / 5
• News Sentiment: -0.12

News Sentiment

Codan has a news sentiment score of -0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Codan this week, compared to 1 article on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Codan insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 4.70% of the stock of Codan is held by institutions.

CODAF Stock Analysis - Frequently Asked Questions

How have CODAF shares performed this year?

Codan's stock was trading at C$5.70 at the beginning of 2024. Since then, CODAF stock has increased by 28.1% and is now trading at C$7.30.
View the best growth stocks for 2024 here.

How do I buy shares of Codan?

Shares of CODAF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Computer and Technology
• Industry: Scientific & Technical Instruments
• Sub-Industry: N/A
• Current Symbol: OTCMKTS:CODAF
• CUSIP: N/A
• CIK: N/A
• Web: www.codan.com.au
• Phone: 61 8 8305 0311
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: 140.38
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A