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

Rice Hall James & Associates LLC decreased its holdings in Coda Octopus Group, Inc. (NASDAQ:CODA) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 298,264 shares of the company’s stock after selling 9,124 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Coda Octopus Group were worth $2,335,000 at the end of the most recent quarter.

Separately, Wealthquest Corp purchased a new position in Coda Octopus Group in the 3rd quarter worth about $108,000. 20.12% of the stock is owned by hedge funds and other institutional investors.

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 stock a “buy” rating in a research report on Monday, November 11th.

Coda Octopus Group Stock Down 1.4 %

NASDAQ CODA opened at $7.78 on Wednesday. Coda Octopus Group, Inc. has a 52 week low of $5.48 and a 52 week high of $9.89. The firm has a market capitalization of $87.29 million, a P/E ratio of 23.58 and a beta of 0.55. The company has a 50-day moving average price of $8.15 and a 200-day moving average price of $8.04.

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.