Kraken Robotics (OTCMKTS:KRKNF) Reaches New 1-Year Low – Here’s What Happened

Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF) hit a new 52-week low on Tuesday. The stock traded as low as $2.34 and last traded at $2.3465, with a volume of 402,277 shares traded. The stock had previously closed at $2.50.

Analyst Ratings Changes

KRKNF has been the topic of several research analyst reports. 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 note on Tuesday, September 15th. They set a “moderate buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Kraken Robotics Trading Down 6.0%

The business’s 50 day simple moving average is $3.11 and its two-hundred day simple moving average is $4.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 1.33.

Kraken Robotics (OTCMKTS:KRKNF) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates 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. As a group, sell-side analysts predict that Kraken Robotics Inc. 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.