Kraken Robotics Inc. (OTCMKTS:KRKNF) Given Consensus Rating of “Moderate Buy” by Brokerages

Kraken Robotics Inc. (OTCMKTS:KRKNF) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Separately, Scotiabank upgraded shares of Kraken Robotics to a “strong-buy” rating in a report on Tuesday, July 7th.

Kraken Robotics Stock Performance

Shares of KRKNF opened at $4.15 on Monday. The stock has a market cap of $1.54 billion and a P/E ratio of -415.00. Kraken Robotics has a 1 year low of $2.36 and a 1 year high of $8.13. The stock’s 50-day moving average price is $4.85 and its two-hundred day moving average price is $5.62.

Kraken Robotics (OTCMKTS:KRKNF) last released its quarterly earnings data on Thursday, May 28th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $15.60 million for the quarter, compared to analyst estimates 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).