Coda Octopus Group (NASDAQ:CODA) Lowered to “Hold” at ValuEngine

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Coda Octopus Group (NASDAQ:CODA) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Saturday, ValuEngine reports.

Coda Octopus Group stock opened at $7.04 on Friday. The stock has a 50-day moving average of $7.59 and a two-hundred day moving average of $8.36. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.28 and a current ratio of 8.07. Coda Octopus Group has a one year low of $6.05 and a one year high of $19.20. The stock has a market cap of $73.77 million, a PE ratio of 14.37 and a beta of 1.97.

Coda Octopus Group (NASDAQ:CODA) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.18). Coda Octopus Group had a net margin of 20.86% and a return on equity of 18.38%. The business had revenue of $5.85 million during the quarter.

A number of institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its holdings in Coda Octopus Group by 8.9% during the 4th quarter. AQR Capital Management LLC now owns 111,166 shares of the company’s stock valued at $930,000 after buying an additional 9,059 shares during the last quarter. Marshall Wace LLP grew its holdings in Coda Octopus Group by 184.1% during the 4th quarter. Marshall Wace LLP now owns 123,614 shares of the company’s stock valued at $1,035,000 after buying an additional 80,107 shares during the last quarter. Oxford Asset Management LLP acquired a new stake in Coda Octopus Group during the 4th quarter valued at $156,000. Barclays PLC grew its holdings in Coda Octopus Group by 98.7% during the 4th quarter. Barclays PLC now owns 4,634 shares of the company’s stock valued at $39,000 after buying an additional 2,302 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in Coda Octopus Group during the 4th quarter valued at $71,000. Institutional investors own 20.62% of the company’s stock.

Coda Octopus Group Company Profile

Coda Octopus Group, Inc, together with its subsidiaries, develops and sells underwater technologies and equipment for imaging, mapping, defense, and survey applications in the United States, Europe, and Australia. The company operates through two segments, Marine Engineering Business and Marine Technology Business.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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