Coda Octopus Group (NASDAQ:CODA) Releases Earnings Results

Coda Octopus Group (NASDAQ:CODA) issued its earnings results on Monday. The company reported $0.01 EPS for the quarter, Yahoo Finance reports. Coda Octopus Group had a net margin of 12.94% and a return on equity of 4.82%. The business had revenue of $4.46 million for the quarter.

Coda Octopus Group Price Performance

Shares of NASDAQ CODA opened at $5.60 on Wednesday. The business has a fifty day moving average price of $5.82 and a 200 day moving average price of $6.13. Coda Octopus Group has a 1-year low of $5.21 and a 1-year high of $11.09. The stock has a market capitalization of $62.50 million, a P/E ratio of 26.67 and a beta of 1.04.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CODA. BlackRock Inc. boosted its stake in Coda Octopus Group by 1.3% in the 2nd quarter. BlackRock Inc. now owns 104,856 shares of the company’s stock worth $861,000 after purchasing an additional 1,386 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Coda Octopus Group by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 66,850 shares of the company’s stock worth $485,000 after buying an additional 4,306 shares in the last quarter. Ancora Advisors LLC lifted its position in shares of Coda Octopus Group by 37.1% in the first 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of Coda Octopus Group by 33.4% in the second quarter. Geode Capital Management LLC now owns 54,433 shares of the company’s stock worth $447,000 after acquiring an additional 13,623 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Coda Octopus Group by 155.8% in the 4th quarter. Northern Trust Corp now owns 27,600 shares of the company’s stock valued at $166,000 after purchasing an additional 16,810 shares during the last quarter. Institutional investors own 20.20% of the company’s stock.

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.