Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF – Get Free Report) have been given an average rating of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company.
A number of equities research analysts recently weighed in on KRKNF shares. ATB Cormark Capital Markets upgraded Kraken Robotics from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Royal Bank Of Canada initiated coverage on shares of Kraken Robotics in a report on Tuesday, September 15th. They set a “moderate buy” rating for the company. Finally, Scotiabank raised shares of Kraken Robotics to a “strong-buy” rating in a report on Tuesday, July 7th.
Get Our Latest Analysis on Kraken Robotics
Kraken Robotics Stock Performance
Shares of Kraken Robotics stock traded up $0.07 on Friday, reaching $2.88. 1,187,765 shares of the company were exchanged, compared to its average volume of 951,734. Kraken Robotics has a one year low of $2.66 and a one year high of $8.13. The company has a 50-day moving average of $3.60 and a 200 day moving average of $4.64. The company has a current ratio of 1.33, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11.
Kraken Robotics (OTCMKTS:KRKNF – Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Kraken Robotics had a positive return on equity of 0.31% and a negative net margin of 6.91%. The company had revenue of $19.23 million during the quarter, compared to analysts’ expectations of $18.52 million. As a group, sell-side analysts expect that Kraken Robotics will post 0.05 EPS for the current fiscal year.
About Kraken Robotics
Kraken Robotics Inc is a Canadian marine technology company that develops advanced sensors, autonomous underwater systems and subsea power solutions. Founded in 2012, the company focuses on technologies that enable high-resolution imaging, data collection and autonomous operations in challenging underwater environments.
Its product portfolio includes synthetic aperture sonar systems, such as the AquaPix family, which are designed to produce detailed seabed imagery; underwater laser imaging and 3D measurement systems; autonomous underwater vehicles; and pressure-tolerant batteries and energy-storage systems for subsea applications.
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