Coda Octopus Group (NASDAQ:CODA) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Coda Octopus Group (NASDAQ:CODA - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05, RTT News reports. Coda Octopus Group had a return on equity of 6.37% and a net margin of 15.04%. The company had revenue of $7.02 million during the quarter, compared to analyst estimates of $6.16 million.

Coda Octopus Group Stock Down 0.8%

NASDAQ:CODA traded down $0.06 during mid-day trading on Thursday, hitting $7.32. 43,952 shares of the company traded hands, compared to its average volume of 34,308. The stock's fifty day moving average price is $6.82 and its 200-day moving average price is $7.37. Coda Octopus Group has a one year low of $5.76 and a one year high of $9.89. The firm has a market cap of $82.20 million, a price-to-earnings ratio of 24.40 and a beta of 0.66.

Analyst Ratings Changes

Several research firms have issued reports on CODA. Alliance Global Partners reissued a "buy" rating on shares of Coda Octopus Group in a report on Monday. Wall Street Zen raised Coda Octopus Group to a "hold" rating in a report on Saturday, June 14th.

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.