Coda Octopus Group (NASDAQ:CODA) Raised to “Hold” at Wall Street Zen

Wall Street Zen to a “hold” rating in a report released on Saturday.

Coda Octopus Group Stock Performance

Shares of NASDAQ CODA opened at $7.73 on Friday. The stock has a 50 day moving average price of $6.73 and a 200 day moving average price of $7.40. The firm has a market capitalization of $86.81 million, a price-to-earnings ratio of 23.42 and a beta of 0.66. Coda Octopus Group has a 52-week low of $5.76 and a 52-week high of $9.89.

Coda Octopus Group last announced its earnings results on Monday, March 17th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. The business had revenue of $5.21 million for the quarter, compared to analysts’ expectations of $6.35 million. Coda Octopus Group had a return on equity of 7.04% and a net margin of 17.95%.

Institutional Trading of Coda Octopus Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp boosted its position in Coda Octopus Group by 52.9% during the 4th quarter. Northern Trust Corp now owns 38,833 shares of the company’s stock valued at $304,000 after acquiring an additional 13,442 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of Coda Octopus Group by 90.1% in the 4th quarter. Citadel Advisors LLC now owns 50,804 shares of the company’s stock worth $398,000 after purchasing an additional 24,084 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Coda Octopus Group by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 59,999 shares of the company’s stock worth $470,000 after purchasing an additional 2,180 shares in the last quarter. Geode Capital Management LLC increased its position in Coda Octopus Group by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 59,424 shares of the company’s stock valued at $465,000 after buying an additional 2,054 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Coda Octopus Group by 137.2% during the 4th quarter. Renaissance Technologies LLC now owns 23,751 shares of the company’s stock valued at $186,000 after buying an additional 13,737 shares in the last quarter. Institutional investors own 20.12% 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.