Kraken Robotics Inc. (OTCMKTS:KRKNF – Get Free Report) fell 7.8% during mid-day trading on Wednesday . The stock traded as low as $4.36 and last traded at $4.37. 482,980 shares traded hands during trading, a decline of 65% from the average daily volume of 1,389,412 shares. The stock had previously closed at $4.74.
Wall Street Analyst Weigh In
Separately, Scotiabank upgraded shares of Kraken Robotics to a “strong-buy” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Analysis on Kraken Robotics
Kraken Robotics Stock Down 6.6%
Kraken Robotics (OTCMKTS:KRKNF – Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $15.60 million during the quarter, compared to analysts’ expectations of $18.30 million.
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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