Favorable Media Coverage Somewhat Unlikely to Impact Coda Octopus Group (CODA) Stock Price

Media headlines about Coda Octopus Group (NASDAQ:CODA) have been trending positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Coda Octopus Group earned a media sentiment score of 0.32 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.2656154293731 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of Coda Octopus Group (NASDAQ:CODA) traded up $0.08 during trading hours on Tuesday, reaching $5.24. 4,900 shares of the company traded hands, compared to its average volume of 7,248. Coda Octopus Group has a 12-month low of $0.91 and a 12-month high of $7.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.51 and a current ratio of 3.03.

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Coda Octopus Group Company Profile

Coda Octopus Group, Inc designs and manufactures real time three-dimensional (3D) sonar solutions and other products for sale to the subsea, defense, mining and marine sciences markets, among others. In addition, the Company supplies, through its marine engineering businesses, services to prime defense contractors.

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