14,603 Shares in Coda Octopus Group, Inc. (NASDAQ:CODA) Acquired by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC bought a new stake in shares of Coda Octopus Group, Inc. (NASDAQ:CODA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,603 shares of the company’s stock, valued at approximately $114,000.

Separately, Wealthquest Corp purchased a new stake in shares of Coda Octopus Group during the third quarter worth $108,000. 20.12% of the stock is currently owned by institutional investors.

Coda Octopus Group Stock Down 3.0 %

Shares of CODA opened at $6.85 on Monday. The firm has a market cap of $76.85 million, a price-to-earnings ratio of 20.76 and a beta of 0.60. The company’s fifty day moving average is $7.96 and its 200-day moving average is $8.07. Coda Octopus Group, Inc. has a 12 month low of $5.50 and a 12 month high of $9.89.

Wall Street Analyst Weigh In

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

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.