Coda Octopus Group, Inc. (NASDAQ:CODA) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in shares of Coda Octopus Group, Inc. (NASDAQ:CODA) by 10.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,904 shares of the company’s stock after selling 6,201 shares during the quarter. Federated Hermes Inc. owned approximately 0.46% of Coda Octopus Group worth $305,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its holdings in shares of Coda Octopus Group by 12.1% during the third quarter. Commonwealth Equity Services LLC now owns 18,500 shares of the company’s stock valued at $115,000 after acquiring an additional 2,000 shares during the period. Byrne Asset Management LLC bought a new stake in Coda Octopus Group in the 4th quarter valued at about $25,000. Worth Venture Partners LLC acquired a new position in Coda Octopus Group during the 3rd quarter valued at about $167,000. Finally, Acuitas Investments LLC acquired a new stake in shares of Coda Octopus Group in the third quarter valued at approximately $328,000. 20.12% of the stock is currently owned by institutional investors.

Coda Octopus Group Trading Up 2.9 %

CODA opened at $6.70 on Friday. Coda Octopus Group, Inc. has a twelve month low of $5.21 and a twelve month high of $11.09. The stock has a market cap of $74.86 million, a PE ratio of 31.90 and a beta of 0.86. The business’s 50 day moving average is $6.03 and its 200-day moving average is $6.08.

Coda Octopus Group (NASDAQ:CODA) last issued its quarterly earnings data on Monday, March 18th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $4.46 million for the quarter. Coda Octopus Group had a net margin of 12.94% and a return on equity of 4.79%.

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.