Kraken Robotics (CVE:PNG) Stock Rating Upgraded by National Bank Financial

Kraken Robotics (CVE:PNG) was upgraded by investment analysts at National Bank Financial to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Several other brokerages have also issued reports on PNG. Raymond James upgraded Kraken Robotics to a “moderate buy” rating in a report on Thursday, January 23rd. Desjardins set a C$3.60 price objective on shares of Kraken Robotics and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, National Bankshares set a C$3.00 price target on Kraken Robotics and gave the company an “outperform” rating in a report on Thursday.

Kraken Robotics Trading Up 8.6 %

Kraken Robotics stock opened at C$2.40 on Wednesday. Kraken Robotics has a 1 year low of C$0.92 and a 1 year high of C$3.01. The firm has a market cap of C$652.50 million, a price-to-earnings ratio of 63.50 and a beta of 1.15. The company has a debt-to-equity ratio of 34.32, a quick ratio of 0.64 and a current ratio of 2.78. The firm’s 50 day moving average price is C$2.34 and its two-hundred day moving average price is C$2.37.

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.