Kraken Robotics Inc. (OTCMKTS:KRKNF – Get Free Report) shares rose 11.7% on Tuesday . The stock traded as high as $5.9760 and last traded at $5.93. Approximately 973,786 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 1,441,163 shares. The stock had previously closed at $5.3065.
Analyst Upgrades and Downgrades
KRKNF has been the topic of several recent analyst reports. ATB Cormark Capital Markets downgraded shares of Kraken Robotics from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 12th. Desjardins raised shares of Kraken Robotics to a “moderate buy” rating in a research note on Thursday, March 12th. Scotiabank reaffirmed an “outperform” rating on shares of Kraken Robotics in a research note on Wednesday, February 18th. Finally, Zacks Research raised shares of Kraken Robotics to a “hold” rating in a research note on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Kraken Robotics presently has an average rating of “Hold”.
Get Our Latest Research Report on Kraken Robotics
Kraken Robotics Trading Up 10.8%
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).
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