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

Kraken Robotics Inc. (CVE:PNG) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$8.67.

A number of brokerages have recently issued reports on PNG. Desjardins decreased their target price on Kraken Robotics from C$13.50 to C$13.00 and set a “buy” rating for the company in a report on Friday, August 28th. Raymond James Financial reduced their price target on shares of Kraken Robotics from C$11.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Friday, August 28th. National Bank Financial dropped their price objective on shares of Kraken Robotics from C$10.00 to C$8.00 and set an “outperform” rating for the company in a research report on Wednesday, October 21st. 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. Finally, Royal Bank Of Canada set a C$6.00 target price on shares of Kraken Robotics and gave the company a “moderate buy” rating in a report on Tuesday, September 15th.

Kraken Robotics Price Performance

Kraken Robotics stock opened at C$3.54 on Thursday. The company has a quick ratio of 0.64, a current ratio of 1.33 and a debt-to-equity ratio of 16.99. Kraken Robotics has a 52-week low of C$3.30 and a 52-week high of C$10.72. The firm has a market cap of C$1.31 billion, a PE ratio of -177.00 and a beta of 1.26. The company’s 50 day moving average is C$4.37 and its two-hundred day moving average is C$6.73.

About Kraken Robotics

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally. It operates in two segments, Products, and Services. The company offers AquaPix miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaPower, a pressure tolerant deep sea batteries.