Kraken Robotics (CVE:PNG) Cut to Sector Perform at National Bankshares

National Bankshares lowered shares of Kraken Robotics (CVE:PNG) from an outperform rating to a sector perform rating in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The brokerage currently has C$8.75 target price on the stock, up from their previous target price of C$7.50.

Other analysts have also recently issued research reports about the stock. Raymond James Financial boosted their target price on shares of Kraken Robotics from C$4.00 to C$6.25 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Desjardins increased their price target on Kraken Robotics from C$5.00 to C$6.50 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Finally, Cormark lowered shares of Kraken Robotics from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 25th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$7.13.

Kraken Robotics Trading Down 0.2%

Shares of Kraken Robotics stock opened at C$8.02 on Wednesday. The firm’s 50 day moving average is C$6.28 and its 200 day moving average is C$5.04. The firm has a market capitalization of C$2.46 billion, a PE ratio of 114.57 and a beta of 0.95. Kraken Robotics has a 1 year low of C$2.06 and a 1 year high of C$8.93. The company has a current ratio of 2.78, a quick ratio of 0.64 and a debt-to-equity ratio of 34.32.

About Kraken Robotics

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally. It operates in two segments, Products, and Services. The company offers AquaPix miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaPower, a pressure tolerant deep sea batteries.