Kraken Robotics (CVE:PNG) Trading Down 2.9% – Time to Sell?

Kraken Robotics Inc. (CVE:PNG) shares were down 2.9% during trading on Thursday . The stock traded as low as C$2.67 and last traded at C$2.67. Approximately 260,647 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 700,360 shares. The stock had previously closed at C$2.75.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their price target on shares of Kraken Robotics from C$2.00 to C$2.50 in a research note on Friday, November 22nd.

Kraken Robotics Trading Up 6.1 %

The firm has a 50-day moving average of C$2.39 and a two-hundred day moving average of C$1.75. The firm has a market capitalization of C$637.46 million, a P/E ratio of 55.40 and a beta of 1.15. The company has a current ratio of 2.71, a quick ratio of 0.64 and a debt-to-equity ratio of 37.39.

Kraken Robotics Company Profile

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.