Kraken Robotics (OTCMKTS:KRKNF) Reaches New 1-Year Low – Here’s Why

Kraken Robotics Inc. (OTCMKTS:KRKNF)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $2.82 and last traded at $2.85, with a volume of 54,081 shares changing hands. The stock had previously closed at $3.12.

Analyst Ratings Changes

Several research firms have weighed in on KRKNF. Royal Bank Of Canada assumed coverage on Kraken Robotics in a report on Tuesday, September 15th. They issued a “moderate buy” rating for the company. 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Kraken Robotics Price Performance

The company’s fifty day simple moving average is $3.60 and its 200 day simple moving average is $4.64. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.33 and a quick ratio of 1.22.

Kraken Robotics (OTCMKTS:KRKNF) last announced its earnings results on Thursday, August 27th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $19.23 million for the quarter, compared to analyst estimates of $18.52 million. Kraken Robotics had a negative net margin of 6.91% and a positive return on equity of 0.31%. Equities research analysts expect that Kraken Robotics Inc. will post 0.05 EPS for the current year.

Kraken Robotics Company Profile

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.