Kraken Robotics (OTCMKTS:KRKNF) Reaches New 12-Month Low – Should You Sell?

Kraken Robotics Inc. (OTCMKTS:KRKNF)’s share price reached a new 52-week low during trading on Thursday. The company traded as low as $2.82 and last traded at $2.85, with a volume of 54,081 shares traded. The stock had previously closed at $3.12.

Analyst Ratings Changes

Several analysts recently weighed in on the company. ATB Cormark Capital Markets upgraded Kraken Robotics from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Royal Bank Of Canada initiated coverage on Kraken Robotics in a research note on Tuesday, September 15th. They issued a “moderate buy” rating on the stock. Finally, Scotiabank upgraded Kraken Robotics to a “strong-buy” rating in a research report on Tuesday, July 7th. One 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 data from MarketBeat.com, Kraken Robotics currently has a consensus rating of “Moderate Buy”.

Kraken Robotics Stock Performance

The firm’s fifty day moving average is $3.66 and its 200-day moving average is $4.67. The company has a current ratio of 1.33, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11.

Kraken Robotics (OTCMKTS:KRKNF) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $19.23 million during the quarter, compared to the consensus estimate of $18.52 million. Kraken Robotics had a negative net margin of 6.91% and a positive return on equity of 0.31%. Equities research analysts forecast that Kraken Robotics Inc. will post 0.05 EPS for the current year.

Kraken Robotics Company Profile

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.