Kraken Robotics Inc. (OTCMKTS:KRKNF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Kraken Robotics Inc. (OTCMKTS:KRKNF) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company.

Several analysts have issued reports on the company. Desjardins upgraded Kraken Robotics to a “moderate buy” rating in a research note on Thursday, March 12th. Scotiabank upgraded Kraken Robotics to a “strong-buy” rating in a research note on Tuesday. ATB Cormark Capital Markets lowered Kraken Robotics from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. Finally, Zacks Research upgraded Kraken Robotics to a “hold” rating in a research note on Friday, March 13th.

Kraken Robotics Trading Down 0.3%

KRKNF stock opened at $4.29 on Thursday. The stock has a 50-day moving average price of $5.20 and a two-hundred day moving average price of $5.69. Kraken Robotics has a 1 year low of $2.36 and a 1 year high of $8.13.

Kraken Robotics (OTCMKTS:KRKNF) last issued its quarterly earnings results on Thursday, May 28th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $15.60 million for 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).