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. It sells technology solutions to the subsea and underwater markets. The company's solutions include geophysical systems, a geophysical data acquisition systems, processing, and analysis software that are used primarily by survey companies, offshore renewable companies, research institutions, and salvage companies; GNSS-aided navigation systems; Echoscope and Echoscope PIPE used for real time monitoring of cable installations for offshore wind projects; and diver augmented vision display system. It offers CodaOctopus GeoSurvey products, such as hardware and software solutions for field acquisition of sidescan sonar and sub-bottom profiler; and CodaOctopus DA4G productivity suite of software that automates the tasks of analyzing, annotating, and mosaicing complex data sets. It markets its products under the CodaOctopus brand name. Coda Octopus Group, Inc. was founded in 1994 and is headquartered in Orlando, Florida.
Analyst Upgrades and Downgrades
Separately, Alliance Global Partners set a $8.00 price objective on shares of Coda Octopus Group in a research note on Monday, June 20th.
Coda Octopus Group Stock Performance
NASDAQ:CODA opened at $5.01 on Tuesday. The firm has a 50 day simple moving average of $5.04 and a 200-day simple moving average of $5.68. Coda Octopus Group has a one year low of $4.75 and a one year high of $9.90. The firm has a market cap of $54.41 million, a price-to-earnings ratio of 16.70 and a beta of 1.33.
Coda Octopus Group (NASDAQ:CODA - Get Rating) last posted its quarterly earnings data on Tuesday, June 14th. The company reported $0.05 EPS for the quarter. Coda Octopus Group had a net margin of 15.82% and a return on equity of 8.27%. The business had revenue of $4.99 million during the quarter.