Coda Octopus Group (NASDAQ:CODA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Coda Octopus Group (NASDAQ:CODA) from a hold rating to a strong-buy rating in a report issued on Saturday morning.

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Coda Octopus Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Coda Octopus Group Stock Up 1.5%

NASDAQ CODA opened at $10.81 on Friday. The firm has a market cap of $121.83 million, a price-to-earnings ratio of 30.03 and a beta of 0.58. The business has a 50-day moving average price of $9.74 and a 200-day moving average price of $8.84. Coda Octopus Group has a twelve month low of $5.76 and a twelve month high of $12.22.

Coda Octopus Group (NASDAQ:CODA) last issued its earnings results on Thursday, January 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. Coda Octopus Group had a return on equity of 7.36% and a net margin of 15.55%.The company had revenue of $7.27 million for the quarter, compared to the consensus estimate of $6.52 million.

Institutional Trading of Coda Octopus Group

Several hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its position in Coda Octopus Group by 5,475.0% in the third quarter. Bank of America Corp DE now owns 3,122 shares of the company’s stock worth $25,000 after acquiring an additional 3,066 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Coda Octopus Group in the 2nd quarter valued at approximately $104,000. Corsair Capital Management L.P. purchased a new position in shares of Coda Octopus Group in the 2nd quarter worth approximately $127,000. Jane Street Group LLC bought a new position in shares of Coda Octopus Group during the 2nd quarter valued at approximately $207,000. Finally, Dimensional Fund Advisors LP raised its holdings in Coda Octopus Group by 2.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 61,561 shares of the company’s stock valued at $494,000 after buying an additional 1,562 shares during the period. 20.12% of the stock is currently owned by hedge funds and other institutional investors.

Coda Octopus Group Company Profile

Coda Octopus Group, Inc is a technology company that develops and sells real-time 3D sonar systems and related solutions for underwater applications. Its flagship Echoscope® real-time 3D sonar system enables clients to visualize subsea structures and seabed conditions in unprecedented detail. The company’s product portfolio also includes BathyCORR® geophysical survey processing software, a range of ROV and USV inspection tools, and advanced subsea positioning and motion reference units. These technologies support tasks such as inspection, maintenance, salvage, survey, and security in challenging marine environments.

The company serves a broad set of industries, including offshore oil and gas, marine mining, defense, civil engineering, telecommunications, and scientific research.