Kraken Robotics Inc. (KRKNF) – What Are Brokerages Saying About This Stock?

Kraken Robotics Inc. (OTCMKTS:KRKNF) has earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

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

Kraken Robotics Price Performance

Shares of KRKNF opened at $3.15 on Friday. The company has a 50 day moving average of $3.74 and a two-hundred day moving average of $4.76. 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 has a twelve month low of $2.85 and a twelve month high of $8.13.

Kraken Robotics (OTCMKTS:KRKNF) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $19.23 million for the quarter, compared to the consensus estimate of $18.52 million. Equities analysts predict that Kraken Robotics will post 0.05 EPS for the current fiscal year.

About Kraken Robotics

Kraken Robotics Inc is a Canadian marine technology company that develops advanced sensors, autonomous underwater systems and subsea power solutions. Founded in 2012, the company focuses on technologies that enable high-resolution imaging, data collection and autonomous operations in challenging underwater environments.

Its product portfolio includes synthetic aperture sonar systems, such as the AquaPix family, which are designed to produce detailed seabed imagery; underwater laser imaging and 3D measurement systems; autonomous underwater vehicles; and pressure-tolerant batteries and energy-storage systems for subsea applications.