Kraken Robotics (OTCMKTS:KRKNF) Shares Gap Up – What’s Next?

Kraken Robotics Inc. (OTCMKTS:KRKNF)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $6.7410, but opened at $7.00. Kraken Robotics shares last traded at $6.4050, with a volume of 306,588 shares trading hands.

Wall Street Analysts Forecast Growth

KRKNF has been the subject of several analyst reports. Desjardins upgraded shares of Kraken Robotics to a “moderate buy” rating in a research note on Thursday, March 12th. National Bank Financial cut Kraken Robotics from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 14th. Scotiabank restated an “outperform” rating on shares of Kraken Robotics in a research note on Wednesday, February 18th. Zacks Research upgraded Kraken Robotics to a “hold” rating in a research report on Friday, March 13th. Finally, ATB Cormark Capital Markets lowered Kraken Robotics from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Kraken Robotics Price Performance

The firm has a 50 day moving average of $6.22 and a two-hundred day moving average of $4.86.

Kraken Robotics Company Profile

Kraken Robotics Ltd. is a marine technology company headquartered in St. John’s, Newfoundland and Labrador, Canada. The company specializes in the design, development and manufacture of advanced underwater robotic platforms and sensor systems. Kraken’s solutions are built to support a range of subsea activities, from high-resolution seabed mapping and inspection to autonomous data collection and remote operations.

Kraken’s product suite includes synthetic aperture sonar, side-scan and interferometric sonar arrays, laser imaging systems, and acoustic ranging sensors, as well as autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs).