Coda Octopus Group (NASDAQ:CODA) Trading 3.5% Higher – Here’s What Happened

Coda Octopus Group, Inc. (NASDAQ:CODA) shares were up 3.5% on Monday . The company traded as high as $8.22 and last traded at $8.17. Approximately 18,082 shares were traded during trading, a decline of 9% from the average daily volume of 19,861 shares. The stock had previously closed at $7.89.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners increased their price objective on Coda Octopus Group from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Monday, November 11th.

Coda Octopus Group Stock Up 3.5 %

The company has a market cap of $91.46 million, a PE ratio of 30.26 and a beta of 0.57. The firm has a 50 day simple moving average of $8.62 and a 200-day simple moving average of $7.66.

Institutional Investors Weigh In On Coda Octopus Group

An institutional investor recently bought a new position in Coda Octopus Group stock. Wealthquest Corp acquired a new stake in Coda Octopus Group, Inc. (NASDAQ:CODA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,603 shares of the company’s stock, valued at approximately $108,000. Wealthquest Corp owned 0.13% of Coda Octopus Group as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 20.12% of the company’s stock.

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.