Coda Octopus Group (NASDAQ:CODA) Posts Earnings Results, Beats Estimates By $0.01 EPS

Coda Octopus Group (NASDAQ:CODA) posted its quarterly earnings results on Monday. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01, Yahoo Finance reports. Coda Octopus Group had a net margin of 15.15% and a return on equity of 5.54%. The business had revenue of $5.48 million during the quarter.

Coda Octopus Group Trading Down 1.1 %

Shares of NASDAQ:CODA traded down $0.08 on Wednesday, hitting $7.04. 20,240 shares of the company were exchanged, compared to its average volume of 23,528. Coda Octopus Group has a 1-year low of $5.21 and a 1-year high of $7.83. The firm has a market capitalization of $78.67 million, a P/E ratio of 28.48 and a beta of 0.54. The stock’s 50 day moving average price is $7.03 and its 200 day moving average price is $6.52.

About Coda Octopus Group

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.