Kraken Robotics (OTCMKTS:KRKNF) Reaches New 52-Week Low – Should You Sell?

Kraken Robotics Inc. (OTCMKTS:KRKNF) shares reached a new 52-week low on Monday. The stock traded as low as $2.65 and last traded at $2.65, with a volume of 262,646 shares trading hands. The stock had previously closed at $2.7211.

Analyst Ratings Changes

Several research firms have issued reports on KRKNF. ATB Cormark Capital Markets raised Kraken Robotics from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Royal Bank Of Canada assumed coverage on Kraken Robotics in a research note on Tuesday, September 15th. They issued a “moderate buy” rating for the company. Finally, Scotiabank upgraded Kraken Robotics to a “strong-buy” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Kraken Robotics Stock Down 2.6%

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 1.33. The stock’s 50 day moving average is $3.30 and its two-hundred day moving average is $4.96.

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

Kraken Robotics Company Profile

Kraken Robotics Inc is a Canadian marine technology company that develops advanced sensors, autonomous underwater vehicles and subsea power systems. Its products are designed to support underwater imaging, mapping, inspection and data collection for defense, commercial and scientific applications.

The company’s portfolio includes AquaPix synthetic aperture sonar systems, autonomous underwater vehicles such as ThunderFish, and SeaPower subsea battery technologies. These products are intended to help customers identify and analyze objects and terrain beneath the water, inspect marine infrastructure and conduct long-duration subsea missions.

Founded in 2012, Kraken Robotics is headquartered in St.