Kraken Robotics Inc. (OTCMKTS:KRKNF) Given Average Recommendation of “Hold” by Brokerages

Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF) have been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company.

A number of research analysts have commented on KRKNF shares. ATB Cormark Capital Markets lowered Kraken Robotics from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Zacks Research upgraded Kraken Robotics to a “hold” rating in a research report on Friday, March 13th. Scotiabank reiterated an “outperform” rating on shares of Kraken Robotics in a research report on Wednesday, February 18th. National Bank Financial lowered Kraken Robotics from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 14th. Finally, Desjardins upgraded Kraken Robotics to a “moderate buy” rating in a research report on Thursday, March 12th.

Kraken Robotics Trading Up 8.8%

Shares of KRKNF opened at $6.46 on Friday. The business’s fifty day moving average price is $6.25 and its two-hundred day moving average price is $5.19. Kraken Robotics has a 52 week low of $1.57 and a 52 week high of $8.13.

About Kraken Robotics

Kraken Robotics Ltd. is a marine technology company headquartered in St. John’s, Newfoundland and Labrador, Canada. The company specializes in the design, development and manufacture of advanced underwater robotic platforms and sensor systems. Kraken’s solutions are built to support a range of subsea activities, from high-resolution seabed mapping and inspection to autonomous data collection and remote operations.

Kraken’s product suite includes synthetic aperture sonar, side-scan and interferometric sonar arrays, laser imaging systems, and acoustic ranging sensors, as well as autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs).