Coda Octopus Group (NASDAQ:CODA) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Coda Octopus Group (NASDAQ:CODA) released its quarterly earnings data on Monday. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01, Yahoo Finance reports. The firm had revenue of $5.48 million for the quarter. Coda Octopus Group had a return on equity of 5.54% and a net margin of 15.15%.

Coda Octopus Group Stock Down 4.2 %

Shares of Coda Octopus Group stock opened at $7.12 on Wednesday. The firm has a market cap of $79.57 million, a PE ratio of 28.48 and a beta of 0.54. Coda Octopus Group has a 52 week low of $5.21 and a 52 week high of $7.83. The business’s fifty day simple moving average is $7.01 and its 200-day simple moving average is $6.51.

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.