Kraken Robotics Inc. (CVE:PNG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Kraken Robotics Inc. (CVE:PNG) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$8.75.

A number of research firms have weighed in on PNG. ATB Cormark Capital Markets lowered Kraken Robotics from a “hold” rating to a “strong sell” rating and lifted their price objective for the company from C$5.50 to C$6.50 in a research note on Friday, March 13th. National Bank Financial upgraded Kraken Robotics from a “hold” rating to an “outperform” rating and lifted their price objective for the company from C$8.75 to C$13.00 in a research note on Friday, March 13th. Finally, Desjardins lifted their price objective on Kraken Robotics from C$9.50 to C$14.00 and gave the company a “buy” rating in a research note on Friday, March 13th.

Kraken Robotics Stock Performance

CVE PNG opened at C$7.88 on Thursday. The stock has a 50-day simple moving average of C$8.32 and a two-hundred day simple moving average of C$7.47. The firm has a market capitalization of C$2.42 billion, a P/E ratio of 788.00 and a beta of 0.78. Kraken Robotics has a fifty-two week low of C$2.30 and a fifty-two week high of C$10.72. The company has a debt-to-equity ratio of 15.94, a quick ratio of 0.64 and a current ratio of 5.53.

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. It operates in two segments, Products, and Services. The company offers AquaPix miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaPower, a pressure tolerant deep sea batteries.