Kraken Robotics Inc. (KRKNF) – What Are Analysts Saying About This Stock?

Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

KRKNF has been the topic of a number of recent analyst reports. Royal Bank Of Canada began coverage on Kraken Robotics in a research report on Tuesday, September 15th. They set a “moderate buy” rating on the stock. ATB Cormark Capital Markets upgraded Kraken Robotics from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Finally, Scotiabank raised Kraken Robotics to a “strong-buy” rating in a research note on Tuesday, July 7th.

Kraken Robotics Stock Down 5.2%

KRKNF stock opened at $3.15 on Friday. Kraken Robotics has a 12 month low of $2.85 and a 12 month high of $8.13. The firm’s fifty day simple moving average is $3.74 and its 200-day simple moving average is $4.76. The company has a quick ratio of 1.22, a current ratio of 1.33 and a debt-to-equity ratio of 0.11.

Kraken Robotics (OTCMKTS:KRKNF) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.01 earnings per share (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 business had revenue of $19.23 million during the quarter, compared to analysts’ expectations of $18.52 million. Equities analysts anticipate that Kraken Robotics will post 0.05 EPS 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.