Coda Octopus Group (NASDAQ:CODA – Get Rating) released its earnings results on Wednesday. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.09, Fidelity Earnings reports. Coda Octopus Group had a return on equity of 8.82% and a net margin of 16.63%.

Coda Octopus Group Trading Up 0.2 %

Shares of NASDAQ:CODA opened at $5.19 on Friday. The stock's 50-day moving average price is $4.98 and its 200-day moving average price is $5.46. Coda Octopus Group has a 12-month low of $4.75 and a 12-month high of $9.30. The stock has a market capitalization of $56.36 million, a P/E ratio of 15.73 and a beta of 1.31.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Coda Octopus Group stock. Millennium Management LLC bought a new position in shares of Coda Octopus Group, Inc. (NASDAQ:CODA – Get Rating) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,096 shares of the company's stock, valued at approximately $50,000. Millennium Management LLC owned 0.09% of Coda Octopus Group at the end of the most recent quarter. 17.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

About Coda Octopus Group

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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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