Kraken Robotics (OTCMKTS:KRKNF) Shares Up 7.4% – Time to Buy?

Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF) rose 7.4% during trading on Friday . The stock traded as high as $4.75 and last traded at $4.7463. 908,235 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 1,395,056 shares. The stock had previously closed at $4.42.

Analyst Ratings Changes

Separately, Scotiabank upgraded Kraken Robotics to a “strong-buy” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Kraken Robotics Trading Up 7.9%

The firm has a 50 day moving average price of $5.16 and a 200-day moving average price of $5.68. The firm has a market cap of $1.77 billion and a PE ratio of -477.00.

Kraken Robotics (OTCMKTS:KRKNF) last announced its quarterly earnings data on Thursday, May 28th. The company reported ($0.01) EPS for the quarter. The business had revenue of $15.60 million for the quarter, compared to the consensus estimate 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).