Kraken Robotics Inc. (OTCMKTS:KRKNF – Get Free Report)’s stock price fell 6.3% during trading on Thursday . The stock traded as low as $3.91 and last traded at $3.9250. Approximately 1,760,143 shares changed hands during trading, an increase of 38% from the average daily volume of 1,277,176 shares. The stock had previously closed at $4.19.
Wall Street Analyst Weigh In
Separately, Scotiabank raised shares of Kraken Robotics to a “strong-buy” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.
View Our Latest Analysis on Kraken Robotics
Kraken Robotics Stock Performance
Kraken Robotics (OTCMKTS:KRKNF – Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Kraken Robotics had a negative net margin of 0.68% and a negative return on equity of 0.35%. Analysts forecast that Kraken Robotics Inc. will post 0.05 earnings per share for the current year.
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).
Read More
- Five stocks we like better than Kraken Robotics
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Receive News & Ratings for Kraken Robotics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraken Robotics and related companies with MarketBeat.com's FREE daily email newsletter.
