Kraken Robotics Inc. (KRKNF) – What Are Researchers Thinking About This Stock?

Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company.

Several equities analysts have recently commented on KRKNF shares. ATB Cormark Capital Markets raised Kraken Robotics from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Royal Bank Of Canada assumed coverage on Kraken Robotics in a research report on Tuesday, September 15th. They set a “moderate buy” rating for the company. Finally, Scotiabank upgraded shares of Kraken Robotics to a “strong-buy” rating in a report on Tuesday, July 7th.

Kraken Robotics Stock Performance

OTCMKTS KRKNF opened at $2.69 on Wednesday. The stock’s fifty day moving average is $3.24 and its two-hundred day moving average is $4.93. 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 has a fifty-two week low of $2.56 and a fifty-two week high of $8.13.

Kraken Robotics (OTCMKTS:KRKNF) last issued its earnings results on Thursday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Kraken Robotics had a positive return on equity of 0.31% and a negative net margin of 6.91%. The company had revenue of $19.23 million during the quarter, compared to analysts’ expectations of $18.52 million. Equities analysts forecast that Kraken Robotics 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.