Kraken Robotics Inc. (OTCMKTS:KRKNF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF) have been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.

Separately, Scotiabank raised Kraken Robotics to a “strong-buy” rating in a research report on Tuesday, July 7th.

Kraken Robotics Price Performance

KRKNF opened at $4.39 on Thursday. The company has a market capitalization of $1.63 billion and a price-to-earnings ratio of -439.00. The business’s 50-day moving average price is $5.11 and its two-hundred day moving average price is $5.69. Kraken Robotics has a 1 year low of $2.36 and a 1 year high of $8.13.

Kraken Robotics (OTCMKTS:KRKNF) last posted its quarterly earnings data on Thursday, May 28th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $15.60 million during 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).