Coda Octopus Group (NASDAQ:CODA) Trading 0.5% Higher

Coda Octopus Group, Inc. (NASDAQ:CODA) shares shot up 0.5% during mid-day trading on Friday . The stock traded as high as $6.16 and last traded at $6.03. 11,758 shares were traded during trading, a decline of 58% from the average session volume of 27,677 shares. The stock had previously closed at $6.00.

Coda Octopus Group Price Performance

The stock has a market cap of $67.36 million, a price-to-earnings ratio of 28.71 and a beta of 1.02. The company’s fifty day moving average price is $5.82 and its 200-day moving average price is $6.05.

Coda Octopus Group (NASDAQ:CODA) last posted its quarterly earnings data on Monday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter. Coda Octopus Group had a net margin of 12.94% and a return on equity of 4.79%. The firm had revenue of $4.46 million for the quarter.

Hedge Funds Weigh In On Coda Octopus Group

Several hedge funds have recently modified their holdings of CODA. Byrne Asset Management LLC acquired a new position in shares of Coda Octopus Group during the fourth quarter valued at about $25,000. Millennium Management LLC purchased a new stake in Coda Octopus Group in the second quarter valued at approximately $50,000. Victory Capital Management Inc. purchased a new stake in Coda Octopus Group in the fourth quarter valued at approximately $58,000. Buckingham Capital Management Inc. purchased a new stake in Coda Octopus Group in the fourth quarter valued at approximately $60,000. Finally, Royal Bank of Canada purchased a new stake in Coda Octopus Group in the second quarter valued at approximately $74,000. Institutional investors and hedge funds own 20.12% of the company’s stock.

Coda Octopus Group Company 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.