Kraken Robotics Inc. (CVE:PNG) Given Average Recommendation of “Buy” by Analysts

Shares of Kraken Robotics Inc. (CVE:PNG) have earned an average rating of “Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$6.06.

A number of equities research analysts have recently issued reports on the stock. Cormark downgraded shares of Kraken Robotics from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 25th. National Bankshares lifted their target price on Kraken Robotics from C$5.00 to C$7.50 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Raymond James Financial boosted their price target on Kraken Robotics from C$4.00 to C$6.25 and gave the company an “outperform” rating in a report on Tuesday, November 25th. Finally, Desjardins lifted their target price on shares of Kraken Robotics from C$5.00 to C$6.50 and gave the company a “buy” rating in a research note on Tuesday, November 25th.

Kraken Robotics Trading Up 4.8%

Shares of CVE:PNG opened at C$6.06 on Monday. Kraken Robotics has a 52-week low of C$2.06 and a 52-week high of C$7.44. The stock has a market capitalization of C$1.86 billion, a price-to-earnings ratio of 86.57 and a beta of 0.97. The company has a debt-to-equity ratio of 34.32, a quick ratio of 0.64 and a current ratio of 2.78. The stock’s 50-day simple moving average is C$5.94 and its two-hundred day simple moving average is C$4.47.

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. It operates in two segments, Products, and Services. The company offers AquaPix miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaPower, a pressure tolerant deep sea batteries.