Kraken Robotics (OTCMKTS:KRKNF) Trading 4.3% Higher – Should You Buy?

Kraken Robotics Inc. (OTCMKTS:KRKNF) shares rose 4.3% on Tuesday . The stock traded as high as $6.56 and last traded at $6.48. Approximately 1,681,153 shares changed hands during trading, a decline of 12% from the average daily volume of 1,918,469 shares. The stock had previously closed at $6.21.

Analyst Ratings Changes

Separately, National Bankshares cut shares of Kraken Robotics from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Kraken Robotics Stock Performance

The stock has a 50-day moving average price of $4.83 and a 200 day moving average price of $3.84.

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).