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

Coda Octopus Group, Inc. (NASDAQ:CODA)’s share price was up 0.5% on Friday . The stock traded as high as $6.16 and last traded at $6.03. Approximately 11,758 shares traded hands during trading, a decline of 58% from the average daily volume of 27,677 shares. The stock had previously closed at $6.00.

Coda Octopus Group Price Performance

The firm has a market capitalization of $67.36 million, a PE ratio of 28.71 and a beta of 1.02. The firm’s fifty day moving average is $5.82 and its two-hundred day moving average is $6.05.

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

Institutional Trading of Coda Octopus Group

A number of institutional investors have recently modified their holdings of the business. Ancora Advisors LLC lifted its stake in Coda Octopus Group by 37.1% in the 1st quarter. Ancora Advisors LLC now owns 52,713 shares of the company’s stock worth $468,000 after purchasing an additional 14,270 shares in the last quarter. Millennium Management LLC purchased a new stake in Coda Octopus Group in the 2nd quarter worth approximately $50,000. Dimensional Fund Advisors LP lifted its stake in Coda Octopus Group by 13.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 60,227 shares of the company’s stock worth $325,000 after purchasing an additional 7,243 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Coda Octopus Group in the 4th quarter worth approximately $96,000. Finally, Geode Capital Management LLC lifted its stake in Coda Octopus Group by 33.4% in the 2nd quarter. Geode Capital Management LLC now owns 54,433 shares of the company’s stock worth $447,000 after purchasing an additional 13,623 shares in the last quarter. 20.12% of the stock is currently owned by hedge funds and other institutional investors.

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.