Coda Octopus Group (NASDAQ:CODA) Price Target Raised to $11.00

Coda Octopus Group (NASDAQ:CODA) had its price target raised by Alliance Global Partners from $9.00 to $11.00 in a research note released on Monday,Benzinga reports. They currently have a buy rating on the stock.

Coda Octopus Group Price Performance

Shares of Coda Octopus Group stock opened at $8.67 on Monday. The company’s 50 day moving average price is $7.95 and its two-hundred day moving average price is $7.13. The firm has a market capitalization of $97.02 million, a P/E ratio of 32.11 and a beta of 0.52. Coda Octopus Group has a fifty-two week low of $5.21 and a fifty-two week high of $9.15.

Coda Octopus Group (NASDAQ:CODA) last issued its quarterly earnings data on Monday, September 16th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $5.48 million for the quarter. Coda Octopus Group had a return on equity of 5.93% and a net margin of 15.93%.

Institutional Investors Weigh In On Coda Octopus Group

An institutional investor recently raised its position in Coda Octopus Group stock. Rice Hall James & Associates LLC lifted its holdings in shares of Coda Octopus Group, Inc. (NASDAQ:CODA) by 25.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 307,388 shares of the company’s stock after purchasing an additional 62,898 shares during the period. Rice Hall James & Associates LLC owned 2.75% of Coda Octopus Group worth $2,229,000 as of its most recent filing with the SEC. 20.12% of the stock is owned by institutional investors and hedge funds.

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.