Kraken Robotics (OTCMKTS:KRKNF) Trading Up 7.7% – Still a Buy?

Kraken Robotics Inc. (OTCMKTS:KRKNF) rose 7.7% during trading on Wednesday . The stock traded as high as $6.01 and last traded at $5.99. Approximately 994,840 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 1,733,742 shares. The stock had previously closed at $5.56.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Kraken Robotics in a research report on Wednesday. National Bank Financial lowered shares of Kraken Robotics from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kraken Robotics has an average rating of “Moderate Buy”.

Kraken Robotics Trading Up 7.7%

The firm has a fifty day simple moving average of $5.36 and a 200 day simple moving average of $4.19.

About Kraken Robotics

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).