Kraken Robotics (OTCMKTS:KRKNF – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01, Zacks reports. Kraken Robotics had a negative return on equity of 0.35% and a negative net margin of 0.68%.
Kraken Robotics Stock Down 0.9%
Shares of KRKNF opened at $4.19 on Thursday. The firm has a market cap of $1.56 billion and a P/E ratio of -419.00. Kraken Robotics has a 12 month low of $2.39 and a 12 month high of $8.13. The stock’s 50 day moving average is $4.47 and its two-hundred day moving average is $5.42. The company has a current ratio of 1.37, a quick ratio of 1.27 and a debt-to-equity ratio of 0.10.
Analyst Upgrades and Downgrades
Separately, Scotiabank raised shares of Kraken Robotics to a “strong-buy” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.
Kraken Robotics Company Profile
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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