Rice Hall James & Associates LLC Raises Stock Holdings in Coda Octopus Group, Inc. (NASDAQ:CODA)

Rice Hall James & Associates LLC boosted its holdings in Coda Octopus Group, Inc. (NASDAQ:CODA) by 25.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 307,388 shares of the company’s stock after buying an additional 62,898 shares during the quarter. Rice Hall James & Associates LLC owned 2.75% of Coda Octopus Group worth $2,229,000 at the end of the most recent quarter.

Coda Octopus Group Stock Performance

Shares of NASDAQ:CODA opened at $8.51 on Friday. Coda Octopus Group, Inc. has a fifty-two week low of $5.21 and a fifty-two week high of $9.03. The business has a 50-day simple moving average of $7.66 and a two-hundred day simple moving average of $6.98. The firm has a market cap of $95.27 million, a price-to-earnings ratio of 31.52 and a beta of 0.54.

Coda Octopus Group (NASDAQ:CODA) last issued its quarterly earnings data on Monday, September 16th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Coda Octopus Group had a net margin of 15.93% and a return on equity of 5.93%. The firm had revenue of $5.48 million for the quarter.

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.