Kraken Robotics (OTCMKTS:KRKNF) Trading Up 4.9% – Time to Buy?

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

Analyst Ratings Changes

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

Kraken Robotics Stock Up 4.9%

The business has a fifty day simple moving average of $4.29 and a two-hundred day simple moving average of $3.44.

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).