Kraken Robotics Inc. (CVE:PNG – Get Free Report) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$9.00.
A number of analysts have commented on PNG shares. Raymond James Financial cut their price target on shares of Kraken Robotics from C$11.00 to C$8.00 and set an “outperform” rating for the company in a research note on Friday, August 28th. Desjardins lowered their price objective on shares of Kraken Robotics from C$13.50 to C$13.00 and set a “buy” rating on the stock in a research note on Friday, August 28th. Scotia upped their target price on shares of Kraken Robotics from C$9.00 to C$12.00 and gave the company a “sector outperform” rating in a report on Friday, July 3rd. National Bank Financial dropped their target price on shares of Kraken Robotics to C$10.00 in a report on Friday, July 3rd. Finally, ATB Cormark Capital Markets upgraded shares of Kraken Robotics from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th.
View Our Latest Stock Analysis on Kraken Robotics
Kraken Robotics Price Performance
Shares of PNG opened at C$4.05 on Friday. The company has a market cap of C$1.50 billion, a price-to-earnings ratio of -202.50 and a beta of 1.03. Kraken Robotics has a 1-year low of C$3.77 and a 1-year high of C$10.72. The company’s fifty day simple moving average is C$5.04 and its 200 day simple moving average is C$6.46. The company has a current ratio of 1.33, a quick ratio of 0.64 and a debt-to-equity ratio of 16.99.
Kraken Robotics Company Profile
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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