Kraken Robotics Inc. (OTCMKTS:KRKNF) Receives Consensus Rating of “Hold” from Analysts

Kraken Robotics Inc. (OTCMKTS:KRKNF) has received a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company.

A number of research firms have weighed in on KRKNF. Desjardins raised Kraken Robotics to a “moderate buy” rating in a report on Thursday, March 12th. Scotiabank reissued an “outperform” rating on shares of Kraken Robotics in a report on Wednesday, February 18th. Zacks Research upgraded Kraken Robotics to a “hold” rating in a research report on Friday, March 13th. ATB Cormark Capital Markets lowered Kraken Robotics from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 12th. Finally, National Bank Financial cut Kraken Robotics from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 14th.

Kraken Robotics Price Performance

OTCMKTS KRKNF opened at $6.70 on Tuesday. Kraken Robotics has a twelve month low of $1.40 and a twelve month high of $8.13. The company’s 50-day simple moving average is $6.19 and its 200 day simple moving average is $4.77.

Kraken Robotics Company Profile

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).