Kraken Robotics Inc. (OTCMKTS:KRKNF – Get Free Report) gapped down prior to trading on Tuesday. The stock had previously closed at $2.85, but opened at $2.73. Kraken Robotics shares last traded at $2.8720, with a volume of 59,031 shares.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on KRKNF shares. Scotiabank upgraded Kraken Robotics to a “strong-buy” rating in a report on Tuesday, July 7th. Royal Bank Of Canada assumed coverage on shares of Kraken Robotics in a research note on Tuesday, September 15th. They issued a “moderate buy” rating on the stock. Finally, ATB Cormark Capital Markets raised shares of Kraken Robotics from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Kraken Robotics presently has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on Kraken Robotics
Kraken Robotics Trading Up 1.1%
The firm has a 50 day simple moving average of $3.57 and a 200 day simple moving average of $4.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 1.33.
Kraken Robotics (OTCMKTS:KRKNF – Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $19.23 million during the quarter, compared to analysts’ expectations of $18.52 million. Kraken Robotics had a positive return on equity of 0.31% and a negative net margin of 6.91%. On average, equities research analysts expect that Kraken Robotics Inc. will post 0.05 earnings per share for the current 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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