Kraken Robotics (CVE:PNG) Upgraded to Moderate Buy at Desjardins

Kraken Robotics (CVE:PNG) was upgraded by equities researchers at Desjardins to a “moderate buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Canaccord Genuity Group raised their price objective on shares of Kraken Robotics from C$2.00 to C$2.50 in a research note on Friday, November 22nd. Raymond James raised shares of Kraken Robotics to a “moderate buy” rating in a research report on Thursday, January 23rd.

Kraken Robotics Price Performance

Shares of PNG opened at C$2.65 on Tuesday. The business’s fifty day moving average is C$2.67 and its 200 day moving average is C$2.07. Kraken Robotics has a 12-month low of C$0.75 and a 12-month high of C$3.01. The company has a quick ratio of 0.64, a current ratio of 2.71 and a debt-to-equity ratio of 37.39. The stock has a market cap of C$609.84 million, a P/E ratio of 53.00 and a beta of 1.15.

Insiders Place Their Bets

In other Kraken Robotics news, Senior Officer David Shea bought 11,954 shares of Kraken Robotics stock in a transaction dated Friday, January 10th. The stock was bought at an average cost of C$2.64 per share, with a total value of C$31,558.56. Also, Senior Officer Gregory Michael Reid acquired 16,260 shares of Kraken Robotics stock in a transaction on Wednesday, January 8th. The stock was acquired at an average price of C$2.46 per share, with a total value of C$39,999.60. Insiders own 10.13% of the company’s stock.

About Kraken Robotics

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.