Coda Octopus Group (NASDAQ:CODA – Get Free Report) issued its earnings results on Monday. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.05, RTT News reports. Coda Octopus Group had a net margin of 17.95% and a return on equity of 7.04%. The firm had revenue of $7.02 million for the quarter, compared to analysts’ expectations of $6.16 million.
Coda Octopus Group Stock Up 2.2%
Shares of Coda Octopus Group stock opened at $7.90 on Tuesday. The company has a market cap of $88.72 million, a PE ratio of 23.94 and a beta of 0.66. The business has a 50 day moving average of $6.77 and a 200 day moving average of $7.37. Coda Octopus Group has a 52 week low of $5.76 and a 52 week high of $9.89.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Coda Octopus Group to a “hold” rating in a research report on Saturday.
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.
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