Kraken Robotics Inc. (CVE:PNG – Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as C$3.41 and last traded at C$3.42, with a volume of 838,861 shares traded. The stock had previously closed at C$3.56.
Analysts Set New Price Targets
Several brokerages have weighed in on PNG. Desjardins lowered their price objective on Kraken Robotics from C$13.50 to C$13.00 and set a “buy” rating for the company in a research report on Friday, August 28th. ATB Cormark Capital Markets upgraded shares of Kraken Robotics from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. National Bank Financial cut their target price on shares of Kraken Robotics from C$10.00 to C$8.00 and set an “outperform” rating on the stock in a report on Wednesday, October 21st. Royal Bank Of Canada set a C$6.00 target price on shares of Kraken Robotics and gave the stock a “moderate buy” rating in a research note on Tuesday, September 15th. Finally, Raymond James Financial lowered 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 report on Friday, August 28th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kraken Robotics has an average rating of “Moderate Buy” and an average price target of C$8.67.
View Our Latest Analysis on PNG
Kraken Robotics Trading Down 4.2%
The company has a debt-to-equity ratio of 16.99, a quick ratio of 0.64 and a current ratio of 1.33. The stock has a market capitalization of C$1.27 billion, a P/E ratio of -170.50 and a beta of 1.03. The stock has a 50-day moving average price of C$4.50 and a two-hundred day moving average price of C$6.79.
About Kraken Robotics
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.
Featured Articles
- Five stocks we like better than Kraken Robotics
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
Receive News & Ratings for Kraken Robotics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraken Robotics and related companies with MarketBeat.com's FREE daily email newsletter.
