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

Kraken Robotics Inc. (OTCMKTS:KRKNF) has earned an average recommendation of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company.

A number of research analysts recently commented on the stock. 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. Desjardins upgraded Kraken Robotics to a “moderate buy” rating in a research report on Thursday, March 12th. Scotiabank reaffirmed an “outperform” rating on shares of Kraken Robotics in a research note on Wednesday, February 18th. ATB Cormark Capital Markets cut Kraken Robotics from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Finally, Zacks Research raised Kraken Robotics to a “hold” rating in a research note on Friday, March 13th.

Kraken Robotics Stock Performance

KRKNF stock opened at $6.48 on Tuesday. The firm’s 50-day moving average is $6.21 and its two-hundred day moving average is $4.82. Kraken Robotics has a 52 week low of $1.40 and a 52 week high of $8.13.

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).