Kraken Robotics Inc. (OTCMKTS:KRKNF) Receives Average Rating of “Moderate Buy” from Brokerages

Kraken Robotics Inc. (OTCMKTS:KRKNF) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Separately, Scotiabank raised shares of Kraken Robotics to a “strong-buy” rating in a research note on Tuesday, July 7th.

Kraken Robotics Price Performance

KRKNF stock opened at $4.15 on Monday. Kraken Robotics has a twelve month low of $2.36 and a twelve month high of $8.13. The company has a market cap of $1.54 billion and a P/E ratio of -415.00. The business has a fifty day moving average of $4.85 and a 200-day moving average of $5.62.

Kraken Robotics (OTCMKTS:KRKNF) last announced its quarterly earnings data on Thursday, May 28th. The company reported ($0.01) EPS for the quarter. The company had revenue of $15.60 million during the quarter, compared to analysts’ expectations of $18.30 million.

About Kraken Robotics

Kraken Robotics Ltd. is a marine technology company headquartered in St. John’s, Newfoundland and Labrador, Canada. The company specializes in the design, development and manufacture of advanced underwater robotic platforms and sensor systems. Kraken’s solutions are built to support a range of subsea activities, from high-resolution seabed mapping and inspection to autonomous data collection and remote operations.

Kraken’s product suite includes synthetic aperture sonar, side-scan and interferometric sonar arrays, laser imaging systems, and acoustic ranging sensors, as well as autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs).