Kraken Robotics (OTCMKTS:KRKNF) Upgraded by ATB Cormark Capital Markets to Hold Rating

ATB Cormark Capital Markets upgraded shares of Kraken Robotics (OTCMKTS:KRKNF) from a strong sell rating to a hold rating in a research note released on Friday,Zacks.com reports.

Separately, Scotiabank raised shares of Kraken Robotics to a “strong-buy” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Kraken Robotics presently has an average rating of “Moderate Buy”.

Kraken Robotics Price Performance

Kraken Robotics stock opened at $3.85 on Friday. The stock’s fifty day moving average price is $4.40 and its two-hundred day moving average price is $5.40. Kraken Robotics has a one year low of $2.39 and a one year high of $8.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.37 and a quick ratio of 1.27. The firm has a market cap of $1.43 billion and a PE ratio of -385.00.

Kraken Robotics (OTCMKTS:KRKNF) last released its earnings results on Thursday, August 27th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $19.23 million during the quarter, compared to the consensus estimate of $18.52 million. Kraken Robotics had a positive return on equity of 0.31% and a negative net margin of 6.91%. As a group, research analysts expect that Kraken Robotics will post 0.05 EPS for the current fiscal year.

Kraken Robotics Company Profile

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).