Kraken Robotics (OTCMKTS:KRKNF) Shares Down 7.9% – Should You Sell?

Kraken Robotics Inc. (OTCMKTS:KRKNF)’s share price traded down 7.9% on Thursday. The stock traded as low as $3.21 and last traded at $3.22. Approximately 460,010 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 1,218,130 shares. The stock had previously closed at $3.4950.

Analyst Ratings Changes

KRKNF has been the subject of a number of recent research reports. Royal Bank Of Canada began coverage on shares of Kraken Robotics in a report on Tuesday, September 15th. They issued a “moderate buy” rating for the company. Scotiabank raised shares of Kraken Robotics to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, ATB Cormark Capital Markets raised Kraken Robotics from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Kraken Robotics Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.33 and a quick ratio of 1.22. The company has a 50 day moving average price of $3.78 and a 200 day moving average price of $4.79.

Kraken Robotics (OTCMKTS:KRKNF) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Kraken Robotics had a positive return on equity of 0.31% and a negative net margin of 6.91%.The firm had revenue of $19.23 million during the quarter, compared to the consensus estimate of $18.52 million. On average, sell-side analysts forecast that Kraken Robotics Inc. will post 0.05 earnings per share for the current fiscal 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.