Kraken Robotics (OTCMKTS:KRKNF – Get Free Report) posted its earnings results on Thursday. The company reported ($0.01) EPS for the quarter, Zacks reports. The company had revenue of $15.60 million for the quarter, compared to the consensus estimate of $18.30 million.
Kraken Robotics Stock Down 3.3%
OTCMKTS KRKNF opened at $5.46 on Friday. The company has a fifty day simple moving average of $5.84 and a two-hundred day simple moving average of $5.50. Kraken Robotics has a 12-month low of $1.66 and a 12-month high of $8.13.
Analyst Ratings Changes
A number of research firms recently commented on KRKNF. Desjardins raised shares of Kraken Robotics to a “moderate buy” rating in a research report on Thursday, March 12th. Zacks Research raised shares of Kraken Robotics to a “hold” rating in a research report on Friday, March 13th. Scotiabank reaffirmed an “outperform” rating on shares of Kraken Robotics in a report on Wednesday, February 18th. Finally, ATB Cormark Capital Markets cut shares of Kraken Robotics from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kraken Robotics currently has an average rating of “Hold”.
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).
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