Renaissance Technologies LLC Buys 13,737 Shares of Coda Octopus Group, Inc. (NASDAQ:CODA)

Renaissance Technologies LLC raised its stake in Coda Octopus Group, Inc. (NASDAQ:CODA) by 137.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,751 shares of the company’s stock after purchasing an additional 13,737 shares during the period. Renaissance Technologies LLC’s holdings in Coda Octopus Group were worth $186,000 as of its most recent SEC filing.

Separately, Geode Capital Management LLC increased its position in shares of Coda Octopus Group by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 59,424 shares of the company’s stock valued at $465,000 after purchasing an additional 2,054 shares during the period. Hedge funds and other institutional investors own 20.12% of the company’s stock.

Coda Octopus Group Stock Performance

Shares of CODA stock opened at $6.79 on Wednesday. The stock has a market cap of $76.25 million, a price-to-earnings ratio of 20.58 and a beta of 0.61. Coda Octopus Group, Inc. has a 52-week low of $5.76 and a 52-week high of $9.89. The firm has a fifty day moving average of $6.51 and a 200-day moving average of $7.74.

Coda Octopus Group (NASDAQ:CODA) last announced its quarterly earnings results on Monday, March 17th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. Coda Octopus Group had a return on equity of 7.04% and a net margin of 17.95%. The business had revenue of $5.21 million for the quarter, compared to analyst estimates of $6.35 million.

Coda Octopus Group 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.