Kraken Robotics (CVE:PNG) Cut to Hold at Cormark

Cormark cut shares of Kraken Robotics (CVE:PNG) from a moderate buy rating to a hold rating in a research note published on Tuesday,Zacks.com reports. Cormark also issued estimates for Kraken Robotics’ FY2025 earnings at $0.04 EPS and FY2026 earnings at $0.13 EPS.

PNG has been the subject of a number of other research reports. Scotiabank upgraded Kraken Robotics to a “strong-buy” rating in a research note on Thursday, August 14th. Desjardins lifted their price target on Kraken Robotics from C$5.00 to C$6.50 and gave the stock a “buy” rating in a research report on Tuesday. National Bankshares upped their price target on shares of Kraken Robotics from C$5.00 to C$7.50 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Finally, Raymond James Financial raised their price objective on shares of Kraken Robotics from C$4.00 to C$6.25 and gave the company an “outperform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kraken Robotics currently has a consensus rating of “Buy” and an average target price of C$6.06.

Kraken Robotics Trading Down 2.2%

CVE PNG opened at C$5.80 on Tuesday. The firm has a market capitalization of C$1.78 billion, a PE ratio of 82.86 and a beta of 1.07. The stock’s 50 day moving average is C$5.63 and its 200 day moving average is C$4.05. Kraken Robotics has a twelve month low of C$2.06 and a twelve month high of C$7.44. The company has a quick ratio of 0.64, a current ratio of 2.78 and a debt-to-equity ratio of 34.32.

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.