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

Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF) have received a consensus rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company.

KRKNF has been the topic of a number of analyst reports. Scotiabank reissued an “outperform” rating on shares of Kraken Robotics in a report on Wednesday, February 18th. Desjardins raised shares of Kraken Robotics to a “moderate buy” rating in a report on Thursday, March 12th. ATB Cormark Capital Markets cut shares of Kraken Robotics from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. Finally, Zacks Research raised shares of Kraken Robotics to a “hold” rating in a report on Friday, March 13th.

Kraken Robotics Trading Down 3.3%

Kraken Robotics stock opened at $5.46 on Friday. Kraken Robotics has a 12 month low of $1.66 and a 12 month high of $8.13. The business’s 50 day simple moving average is $5.84 and its 200 day simple moving average is $5.50.

Kraken Robotics (OTCMKTS:KRKNF) last posted its quarterly earnings data on Thursday, May 28th. The company reported ($0.01) EPS for the quarter. The company had revenue of $15.60 million during the quarter, compared to analyst estimates of $18.30 million.

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).