Kraken Robotics (CVE:PNG) Rating Lowered to Hold at Natl Bk Canada

Kraken Robotics (CVE:PNG) was downgraded by equities research analysts at Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

PNG has been the subject of several other reports. Raymond James Financial upped their target price on Kraken Robotics from C$4.00 to C$6.25 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. National Bankshares lowered Kraken Robotics from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$7.50 to C$8.75 in a research note on Wednesday. Desjardins lifted their price target on shares of Kraken Robotics from C$6.50 to C$9.50 and gave the company a “buy” rating in a research report on Wednesday. Finally, Cormark lowered Kraken Robotics from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.13.

Kraken Robotics Price Performance

Kraken Robotics stock opened at C$8.04 on Wednesday. The stock has a market capitalization of C$2.46 billion, a P/E ratio of 114.86 and a beta of 0.95. Kraken Robotics has a 12-month low of C$2.06 and a 12-month high of C$8.93. The company has a debt-to-equity ratio of 34.32, a current ratio of 2.78 and a quick ratio of 0.64. The firm’s 50-day moving average is C$6.23 and its two-hundred day moving average is C$5.01.

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.