Kraken Robotics Inc. (OTCMKTS:KRKNF) Stock Rated “Moderate Buy” by Wall Street Brokerages

Kraken Robotics Inc. (OTCMKTS:KRKNF) has been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company.

KRKNF has been the topic of several research reports. Royal Bank Of Canada assumed coverage on shares of Kraken Robotics in a research note on Tuesday, September 15th. They issued a “moderate buy” rating on the stock. ATB Cormark Capital Markets raised shares of Kraken Robotics from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th.

Kraken Robotics Price Performance

Shares of KRKNF stock opened at $2.41 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.33 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $3.09 and a 200-day simple moving average of $4.85. Kraken Robotics has a 1-year low of $2.34 and a 1-year high of $8.13.

Kraken Robotics (OTCMKTS:KRKNF) last posted 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. The business had revenue of $19.23 million for the quarter, compared to the consensus estimate of $18.52 million. Kraken Robotics had a negative net margin of 6.91% and a positive return on equity of 0.31%. As a group, equities research analysts anticipate that Kraken Robotics will post 0.04 earnings per share for the current year.

About Kraken Robotics

Kraken Robotics is a Canadian marine technology company that develops products and services for underwater exploration and operations. Its offerings include synthetic aperture sonar systems for high-resolution seabed imaging, as well as subsea battery and power systems designed for use in demanding underwater environments. The company’s technologies support applications such as seabed mapping, mine and other underwater-object detection, and subsea inspection. Customers and users include organizations in the defense, offshore energy, and ocean science sectors.