Kraken Robotics (CVE:PNG) Stock Price Up 2.1%

Kraken Robotics Inc. (CVE:PNG) shares shot up 2.1% on Wednesday . The stock traded as high as C$0.99 and last traded at C$0.98. 316,738 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 552,888 shares. The stock had previously closed at C$0.96.

Analysts Set New Price Targets

Separately, Echelon Wealth Partners reissued a “buy” rating and issued a C$1.60 price objective on shares of Kraken Robotics in a research report on Thursday, March 28th.

Kraken Robotics Stock Performance

The stock has a market cap of C$233.48 million, a P/E ratio of 33.67 and a beta of 1.16. The company has a fifty day moving average of C$1.00 and a 200 day moving average of C$0.91. The company has a debt-to-equity ratio of 50.54, a current ratio of 1.09 and a quick ratio of 0.64.

Kraken Robotics (CVE:PNG) last posted its quarterly earnings results on Wednesday, May 29th. The company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$20.88 million for the quarter, compared to analysts’ expectations of C$20.65 million. Kraken Robotics had a return on equity of 19.91% and a net margin of 7.97%. On average, equities analysts predict that Kraken Robotics Inc. will post 0.0475248 earnings per share for the current fiscal year.

About Kraken Robotics

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.