Coda Octopus Group (NASDAQ:CODA – Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12, FiscalAI reports. The firm had revenue of $7.72 million during the quarter, compared to the consensus estimate of $7.26 million. Coda Octopus Group had a net margin of 17.66% and a return on equity of 8.33%.
Coda Octopus Group Stock Performance
Shares of Coda Octopus Group stock opened at $10.02 on Monday. The stock has a market capitalization of $113.03 million, a price-to-earnings ratio of 23.30 and a beta of 0.60. Coda Octopus Group has a 52-week low of $7.80 and a 52-week high of $17.28. The company’s 50 day moving average price is $10.09 and its 200-day moving average price is $11.33.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on CODA shares. UBS Group upgraded Coda Octopus Group to a “buy” rating in a research report on Thursday, June 18th. Wall Street Zen lowered shares of Coda Octopus Group from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coda Octopus Group in a report on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.00.
Hedge Funds Weigh In On Coda Octopus Group
Hedge funds have recently made changes to their positions in the business. Marshall Wace LLP purchased a new position in Coda Octopus Group during the 2nd quarter valued at $104,000. Jane Street Group LLC purchased a new stake in shares of Coda Octopus Group in the 2nd quarter worth about $207,000. Osaic Holdings Inc. increased its stake in shares of Coda Octopus Group by 18.6% during the second quarter. Osaic Holdings Inc. now owns 79,434 shares of the company’s stock valued at $650,000 after purchasing an additional 12,433 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Coda Octopus Group by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 304,058 shares of the company’s stock worth $2,440,000 after purchasing an additional 6,231 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Coda Octopus Group by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 61,561 shares of the company’s stock valued at $494,000 after acquiring an additional 1,562 shares in the last quarter. 20.12% of the stock is owned by hedge funds and other institutional investors.
About Coda Octopus Group
Coda Octopus Group, Inc is a technology company that develops and sells real-time 3D sonar systems and related solutions for underwater applications. Its flagship Echoscope® real-time 3D sonar system enables clients to visualize subsea structures and seabed conditions in unprecedented detail. The company’s product portfolio also includes BathyCORR® geophysical survey processing software, a range of ROV and USV inspection tools, and advanced subsea positioning and motion reference units. These technologies support tasks such as inspection, maintenance, salvage, survey, and security in challenging marine environments.
The company serves a broad set of industries, including offshore oil and gas, marine mining, defense, civil engineering, telecommunications, and scientific research.
Featured Stories
- Five stocks we like better than Coda Octopus Group
- Why Bitcoin ETFs May Be Worth Another Look as Inflows Rebound
- 3 Small-Cap Biotechs With Binary Catalysts on the Calendar
- Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound
- As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits
Receive News & Ratings for Coda Octopus Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coda Octopus Group and related companies with MarketBeat.com's FREE daily email newsletter.
