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CODA - Buy Coda Octapus Group: Sonar Imaging Niche Leader Has Value
Coda Octopus Group Inc.
Coda Octopus Group, Inc. (NASDAQ:CODA), with a market cap of $90 million, is a micro-cap niche player in underwater sonar imaging technologies with applications for various industries, including military and defense, oil & gas, mining, and offshore construction. The company with a 25-year history claims to be a leader in its market segment with an established history of developing products having cutting-edge performance. We think CODA here at $8.00 is a buy following a deep pullback in its share price in recent months, as the fundamentals remain positive for an overall solid company.