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

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

Coda Octopus Group Stock Up 5.4 %

NASDAQ:CODA opened at $7.43 on Tuesday. The business’s 50-day moving average price is $6.98 and its 200 day moving average price is $6.50. The firm has a market cap of $83.07 million, a P/E ratio of 29.72 and a beta of 0.54. Coda Octopus Group has a 52-week low of $5.21 and a 52-week high of $7.83.

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.