Kraken Robotics (OTCMKTS:KRKNF) Shares Gap Up – Should You Buy?

Kraken Robotics Inc. (OTCMKTS:KRKNF)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $3.29, but opened at $3.40. Kraken Robotics shares last traded at $3.2240, with a volume of 90,243 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently commented on KRKNF shares. Royal Bank Of Canada started coverage on shares of Kraken Robotics in a research report on Tuesday, September 15th. They issued a “moderate buy” rating on the stock. ATB Cormark Capital Markets raised shares of Kraken Robotics from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Finally, Scotiabank upgraded shares of Kraken Robotics to a “strong-buy” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Kraken Robotics Stock Performance

The business’s fifty day moving average price is $3.96 and its 200 day moving average price is $5.03. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.37 and a quick ratio of 1.27.

Kraken Robotics (OTCMKTS:KRKNF) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. Kraken Robotics had a negative net margin of 6.91% and a positive return on equity of 0.31%. The company had revenue of $19.23 million for the quarter, compared to analyst estimates of $18.52 million. As a group, equities research analysts expect that Kraken Robotics Inc. will post 0.05 EPS 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 equipment. Its technologies are designed for underwater imaging, mapping, surveillance and data collection in challenging marine environments.

The company’s product portfolio includes synthetic aperture sonar systems, three-dimensional acoustic imaging technology, autonomous underwater vehicles and underwater battery systems. Kraken’s solutions are used in applications such as seabed mapping, mine countermeasures, offshore energy, defense, marine research and infrastructure inspection.

Founded in 2012 and headquartered in St.