Kraken Robotics (OTCMKTS:KRKNF) Stock Rating Upgraded by Scotiabank

Kraken Robotics (OTCMKTS:KRKNF) was upgraded by investment analysts at Scotiabank to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. Desjardins upgraded shares of Kraken Robotics to a “moderate buy” rating in a report on Thursday, March 12th. Zacks Research upgraded shares of Kraken Robotics to a “hold” rating in a report on Friday, March 13th. Finally, ATB Cormark Capital Markets cut shares of Kraken Robotics from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Kraken Robotics Price Performance

KRKNF stock opened at $4.29 on Tuesday. Kraken Robotics has a twelve month low of $2.36 and a twelve month high of $8.13. The business’s fifty day moving average is $5.20 and its 200-day moving average is $5.69.

Kraken Robotics (OTCMKTS:KRKNF) last released its earnings results on Thursday, May 28th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $15.60 million during the quarter, compared to analysts’ expectations of $18.30 million.

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).