Coda Octopus Group (NASDAQ:CODA) posted its quarterly earnings data on Monday. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01, Fidelity Earnings reports. Coda Octopus Group had a net margin of 27.32% and a return on equity of 15.59%.
Shares of CODA stock opened at $8.90 on Wednesday. The company has a 50-day moving average of $8.92 and a two-hundred day moving average of $8.60. Coda Octopus Group has a 1-year low of $5.15 and a 1-year high of $10.17. The firm has a market cap of $96.40 million, a PE ratio of 17.80 and a beta of 1.58.
CODA has been the topic of several recent research reports. Alliance Global Partners reaffirmed a “buy” rating and issued a $13.00 price objective (up from $11.00) on shares of Coda Octopus Group in a report on Monday, June 14th. TheStreet upgraded shares of Coda Octopus Group from a “c+” rating to a “b-” rating in a research report on Thursday, June 24th.
About Coda Octopus Group
Coda Octopus Group, Inc engages in designing and manufacturing patented real time 3D sonar solutions. It operates through the following two segments: Marine Technology Business and Marine Engineering Business. The Marine Technology Business segment develops solutions for both commercial and defense subsea market.
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