Kraken Robotics Inc. (CVE:PNG – Get Free Report) insider Duane Joseph Alexander Mackay bought 41,500 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were purchased at an average cost of C$6.00 per share, with a total value of C$249,000.00. Following the completion of the transaction, the insider owned 1,154,500 shares in the company, valued at C$6,927,000. This represents a 3.73% increase in their ownership of the stock.
Kraken Robotics Stock Down 0.3%
Shares of PNG stock traded down C$0.02 during mid-day trading on Wednesday, hitting C$6.05. The stock had a trading volume of 1,061,349 shares, compared to its average volume of 1,710,950. Kraken Robotics Inc. has a 12-month low of C$3.28 and a 12-month high of C$10.72. The company has a debt-to-equity ratio of 16.23, a current ratio of 1.37 and a quick ratio of 0.64. The firm’s 50-day moving average is C$7.27 and its two-hundred day moving average is C$7.83. The firm has a market capitalization of C$1.86 billion, a P/E ratio of 744.00 and a beta of 0.87.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on PNG. National Bank Financial dropped their target price on shares of Kraken Robotics to C$10.00 in a report on Friday, July 3rd. Scotia upped their price target on shares of Kraken Robotics from C$9.00 to C$12.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 3rd. ATB Cormark Capital Markets dropped their price objective on shares of Kraken Robotics from C$6.50 to C$5.00 and set an “underperform” rating on the stock in a research note on Tuesday. Finally, Desjardins cut their price objective on shares of Kraken Robotics to C$13.50 and set a “buy” rating on the stock in a report on Friday, July 3rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$8.46.
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.
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