Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF – Get Free Report) have earned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company.
Several research analysts have recently weighed in on the stock. Zacks Research raised shares of Kraken Robotics to a “hold” rating in a report on Friday, March 13th. Scotiabank reaffirmed an “outperform” rating on shares of Kraken Robotics in a report on Wednesday, February 18th. ATB Cormark Capital Markets cut shares of Kraken Robotics from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. Finally, Desjardins raised shares of Kraken Robotics to a “moderate buy” rating in a report on Thursday, March 12th.
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Kraken Robotics Stock Down 3.3%
Kraken Robotics (OTCMKTS:KRKNF – Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $15.60 million for the quarter, compared to analysts’ expectations of $18.30 million.
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).
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