Coda Octopus Group (NASDAQ:CODA – Free Report) had its price target reduced by Alliance Global Partners from $12.00 to $10.00 in a research note issued to investors on Wednesday, Benzinga reports. Alliance Global Partners currently has a buy rating on the stock.
Coda Octopus Group Stock Down 7.7 %
CODA stock opened at $5.85 on Wednesday. The firm has a 50 day moving average of $8.03 and a 200 day moving average of $8.15. The stock has a market capitalization of $65.05 million, a PE ratio of 16.25 and a beta of 1.02. Coda Octopus Group has a 52 week low of $4.95 and a 52 week high of $11.09.
Coda Octopus Group (NASDAQ:CODA – Get Free Report) last released its earnings results on Wednesday, September 13th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). Coda Octopus Group had a return on equity of 8.82% and a net margin of 19.83%. The company had revenue of $4.89 million during the quarter.
Hedge Funds Weigh In On Coda Octopus Group
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 United States of America and internationally. The company operates through two segments, Marine Engineering Business and Marine Technology Business.
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