Coda Octopus Group (NASDAQ:CODA) Upgraded by Wall Street Zen to “Strong-Buy” Rating

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

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Coda Octopus Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Coda Octopus Group Stock Down 2.0%

Shares of NASDAQ CODA opened at $10.65 on Friday. Coda Octopus Group has a fifty-two week low of $5.76 and a fifty-two week high of $12.22. The business has a 50 day moving average price of $9.69 and a two-hundred day moving average price of $8.82. The firm has a market cap of $119.81 million, a PE ratio of 29.58 and a beta of 0.59.

Coda Octopus Group (NASDAQ:CODA) last released its earnings results on Thursday, January 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $7.27 million during the quarter, compared to analysts’ expectations of $6.52 million. Coda Octopus Group had a return on equity of 7.45% and a net margin of 15.55%.

Institutional Investors Weigh In On Coda Octopus Group

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Coda Octopus Group by 2.1% in the third quarter. Vanguard Group Inc. now owns 304,058 shares of the company’s stock worth $2,440,000 after acquiring an additional 6,231 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Coda Octopus Group by 18.6% in the 2nd quarter. Osaic Holdings Inc. now owns 79,434 shares of the company’s stock worth $650,000 after purchasing an additional 12,433 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 purchasing an additional 1,562 shares during the period. Round Rock Advisors LLC bought a new position in Coda Octopus Group during the 4th quarter worth $514,000. Finally, Jane Street Group LLC acquired a new stake in Coda Octopus Group in the second quarter worth $207,000. Institutional investors own 20.12% of the company’s stock.

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.