Alliance Global Partners Analysts Give Coda Octopus Group (NASDAQ:CODA) a $8.00 Price Target

Alliance Global Partners set a $8.00 price target on Coda Octopus Group (NASDAQ:CODAGet Rating) in a report issued on Monday, Stock Target Advisor reports.

Shares of NASDAQ CODA opened at $4.79 on Monday. The stock’s 50-day moving average is $5.36 and its two-hundred day moving average is $6.29. Coda Octopus Group has a 1-year low of $4.75 and a 1-year high of $9.90. The company has a market cap of $52.01 million, a price-to-earnings ratio of 15.97 and a beta of 1.44.

Coda Octopus Group (NASDAQ:CODAGet Rating) last issued its quarterly earnings results on Tuesday, June 14th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Coda Octopus Group had a return on equity of 8.27% and a net margin of 15.82%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Touchstone Capital Inc. increased its holdings in shares of Coda Octopus Group by 6.2% in the 1st quarter. Touchstone Capital Inc. now owns 280,036 shares of the company’s stock valued at $1,840,000 after acquiring an additional 16,284 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Coda Octopus Group by 18.0% in the 3rd quarter. BlackRock Inc. now owns 100,245 shares of the company’s stock valued at $898,000 after acquiring an additional 15,310 shares during the last quarter. Ancora Advisors LLC increased its holdings in shares of Coda Octopus Group by 37.1% in the 1st quarter. Ancora Advisors LLC now owns 52,713 shares of the company’s stock valued at $468,000 after acquiring an additional 14,270 shares during the last quarter. Rice Hall James & Associates LLC increased its holdings in shares of Coda Octopus Group by 3.2% in the 1st quarter. Rice Hall James & Associates LLC now owns 234,515 shares of the company’s stock valued at $1,541,000 after acquiring an additional 7,289 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Coda Octopus Group by 8.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 27,000 shares of the company’s stock valued at $216,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 20.75% of the company’s stock.

Coda Octopus Group Company Profile (Get Rating)

Coda Octopus Group, Inc, together with its subsidiaries, develops and sells underwater technologies and equipment for 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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