Kraken Robotics (OTCMKTS:KRKNF) Trading Up 4.9% – What’s Next?

Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF) traded up 4.9% during trading on Monday . The stock traded as high as $5.20 and last traded at $5.1855. 1,907,776 shares traded hands during mid-day trading, an increase of 23% from the average session volume of 1,548,838 shares. The stock had previously closed at $4.9430.

Wall Street Analyst Weigh In

Separately, National Bankshares restated an “outperform” rating on shares of Kraken Robotics in a research report on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $3.50.

Kraken Robotics Trading Up 4.9%

The stock’s fifty day moving average is $4.29 and its 200-day moving average is $3.44.

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).